VergeSense

Overview
News
Smart Building Technology?
Product stageSegments
Growth
?
Building automation and analytics
?

VergeSense is a leading occupancy intelligence platform that provides AI-powered insights into how office spaces are utilized. Its cutting-edge technology employs intelligent sensors and computer vision algorithms to collect real-time data on desk availability, conference room utilization, and shared space usage. This enables enterprises to identify opportunities for optimizing their real estate portfolios, reducing costs, and creating workspaces tailored to employee needs.

VergeSense's platform integrates hardware, software, and advanced neural networks to deliver accurate occupancy data. Low-resolution optical sensors, combined with passive infrared sensors and edge processing, count people and detect motion to determine workspace occupancy levels. The sensors form a self-healing mesh network, ensuring seamless communication across buildings.

Founded in 2017 by Dan Ryan, an electrical engineer with prior experience in indoor location data, VergeSense foresaw the growing demand for workplace analytics before the Covid-19 pandemic accelerated hybrid work trends. Today, over 200 global customers, including Cisco, Autodesk, and BP, leverage VergeSense's solutions across 75 million square feet of real estate in 45 countries.

In October 2023, VergeSense released insights revealing a disconnect between meeting room design and usage patterns, with rooms often underutilized or lacking availability due to inefficient booking practices. The company's Q3 2023 Occupancy Intelligence Index, analyzing nearly 30,000 spaces, showed that while office capacity usage increased to nearly 12%, meeting rooms were frequently unavailable due to factors like ghosting and ad-hoc usage.

VergeSense's innovative platform empowers organizations to optimize real estate costs, improve workplace experiences, and drive sustainability initiatives through data-driven decision-making.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
San Francisco CA USA
Founded year:
2017
Employees:
101-250
IPO status:
Private
Total funding:
USD 82.6 mn
Last Funding:
USD 60.0 mn (Series C; Nov 2021)
Last valuation:
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