VergeSense, a US-based provider of workplace interior design technology that counts security product maker Allegion and real estate services firm JLL as investors, closed a $12m series B round yesterday.
The round was led by venture capital firm Tola Capital and came after Allegion led a $9m series A round for the company in May 2020 through corporate VC unit Allegion Ventures, investing alongside JLL’s Spark subsidiary, Metaprop, Pathbreaker Ventures, Y Combinator and West Ventures.
VergeSense has built predictive design technology used to select interior landscaping in commercial offices and conference halls. Property managers connect sensors to its artificial intelligence-driven software to measure real-time occupancy at specific locations, helping them arrange appropriate seating and fixtures.
The company will use the series B capital to attract businesses hoping to bring employees back into the office following the coronavirus pandemic. It graduated from Y Combinator’s accelerator in 2017 before securing $1.5m in a late 2018 round led by JLL and backed by Pathbreaker Ventures and Bolt.