Density, a San Francisco CA-based analytics platform for measuring and optimizing workplace performance, raised $125M in Series D funding.
The round, which valued the workplace analytics company at $1.05 billion and brought total capital raised to $225m, was led by Kleiner Perkins, Altimeter Capital and Lachy Groom of LGF, with participation from existing investors 01 Advisors, Upfront Ventures and Founders Fund.
Density also announced the acquisition of Helix Re, a LIDAR scanning software company that creates 3D digital twins of buildings. The acquisition further expands its solutions for companies working to create compelling work environments. By combining accurate digital images of a fully built environment with the real-time data-capture capabilities of the platform, commercial real estate portfolio managers and workplace experience administrators will be able to plan, test, optimize, and manage the built environments of the future.
The company intends to use the funds to grow its global team and support its customer base.
Led by Andrew Farah, CEO, Density provides a space analytics platform for measuring building and workplace performance. The platform allows companies to plan, build, manage, and optimize their real estate portfolios, and give employees control of their individual hybrid work experience. The company prioritizes privacy, using laser- and depth-based technology, rather than cameras, to provide a solution that is anonymous at the source and guarantees that personally identifiable information is never captured.
Customers include Fortune 500 companies and high-growth ventures like Okta across 32 countries. Combined, they manage more than 1.25 billion square feet in commercial real estate worldwide.