VergeSense secured $9 million in Funding round led by Allegion Ventures

VergeSense, a San Francisco, California based AI-powered sensor provider for the workplace, has now secured $9 million in the funding round.

VergeSense is founded by Dan Ryan. It provides an AI-powered sensor that captures data beyond observation, while an analytics dashboard translates data into the real world scenario for workplaces around the world.

Executive Opinion

Dan Ryan, CEO, and co-founder of VergeSense, said, "Senior leaders around the world are wrestling with how to comply with social distancing guidelines and reassure their employees that it is safe to return to work. This crisis has accelerated the widespread integration of smart technology into workplaces by 5-10 years. Accurate, real-time people counting tech like ours has become a must-have. We're excited to have Allegion Ventures join our existing investors in this strategic round to help us meet the growing demand for our mission-critical solution."

Rob Martens, president of Allegion Ventures, said, "The talented team of entrepreneurs at VergeSense is currently proving just how nimble they can be and how valuable and adaptable their technology is. In the midst of a world crisis, they have quickly positioned themselves to help senior business leaders ensure safer workspaces through social distancing, while at the same time still driving productivity, engagement, and cost-efficiency. VergeSense is on the leading edge of creating data-driven workspaces when it matters most to the global business community and their employees."

VergeSense's Latest Funding

The Allegion Ventures led the latest funding round. Other participants from both the new and existing investors include the Metaprop, West Ventures, JLL Spark, and Pathbreaker Ventures.

The company, as of now, has plans to use the new funds to scale its analytics software provider. VergeSense will also use latest funding to meet its increased customer demand during the corona pandemic, notes the announcement.