Density, a San Francisco, CA-based standard platform for counting people, closed a $51m Series C funding.
The round was led by Kleiner Perkins and includes 01 Advisors, Upfront Ventures, Founders Fund, Ludlow Ventures, Launch, LPC Ventures, DTA in participation with Alex Rodriguez, Julia and Kevin Hartz, Cyan and Scott Banister, and others. Kleiner Perkins Partner, Ilya Fushman, will be joining Density’s board of directors.
The company intends to use the funds to accelerate investment in software and product, expand its sales team, and scale their platform.
Founded in 2014 and led by Andrew Farah, Chief Executive Officer, Density measures how people use space in real-time without invading privacy. Using proprietary depth sensors and deep learning algorithms, the platform anonymously counts people in real time. Organizations use it to improve efficiency and enhance occupant experience in buildings, workplaces, and real estate. Together, Density’s customers, including hundreds of companies like Pinterest, Booz Allen Hamilton, Hello Fresh, NYU, Resorts World Casino, manage over 1 billion square feet of real estate. The company has offices in San Francisco, New York City, and Syracuse, New York. Prior to this round, Density had raised $23m bringing total funding to date to $74m.
FinSMEs
28/07/2020