VergeSense secures $60M to help businesses monitor office usage during the pandemic

VergeSense, a San Francisco, California-based company developing technologies to track physical office usage, today announced that it raised $60 million in a series C round led by Scale Venture Partners. A convolutional neural network and “several patented deep learning algorithms,” all running on-sensor, spot people and objects like bags, chairs, laptops, coats, and more. VergeSense’s software provides a view into office utilization across campuses, buildings, floors, rooms, and individual desks, helping employees find and reserve an available seat in real time. “VergeSense is investing heavily to expand the AI and machine learning capabilities that have enabled best-in-class person counting, as well as our unique ‘signs of life’ measurement. Companies are running blind, spending millions of dollars per year on real estate leases and operations while never really knowing if investments had their intended impact.