Density Secures $125 Million Series D

<p><strong><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;strong> &&num;8212&semi; Density Inc&period;&comma; developer of an analytics platform for measuring and optimizing workplace performance&comma; has secured <span class&equals;"xn-money">&dollar;125 million<&sol;span> in Series D funding led by existing investor&comma; Kleiner Perkins&period; Other new investors include Altimeter Capital and Lachy Groom of LGF&comma; with participation from existing investors 01 Advisors&semi; Upfront Ventures&semi; and Founders Fund&period;<&sol;p>&NewLine;<p>Density provides an end-to-end platform to help companies plan&comma; build&comma; manage&comma; and optimize their real estate portfolios&comma; and give employees greater control of their individual hybrid work experience&period; The company prioritizes privacy&comma; using laser- and depth-based technology&comma; rather than cameras&comma; to provide a solution that is anonymous at the source and guarantees that personally identifiable information is never captured&period;<&sol;p>&NewLine;<p>Density will use the funds to grow its global team and support its rapidly expanding customer base&period; The company has also announced the acquisition of HELIX<sup>RE<&sol;sup>&comma; a technology that creates an accurate digital twin of a built space to enable efficient space planning and design&period;<&sol;p>&NewLine;<p>&&num;8220&semi;The emergence of hybrid work&comma; post-pandemic&comma; has fundamentally changed the nature and purpose of our buildings&comma;&&num;8221&semi; said <span class&equals;"xn-person">Andrew Farah<&sol;span>&comma; Co-Founder and CEO of Density&period; &&num;8220&semi;Density customers believe this period of transition can either be a reckoning or a renaissance for the workplace&period; Over the next five years&comma; the vast majority of the built world will be instrumented for measurement&period; This new infrastructure will generate reliable&comma; real-time utilization data&semi; it&&num;8217&semi;ll support the dynamic needs of hybrid work&semi; and help design&comma; architecture&comma; real estate and workplace teams improve the environments and spaces we use each day&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Altogether&comma; Density has secured more than <span class&equals;"xn-money">&dollar;225 million<&sol;span> in funding since its founding&comma; which brings its present valuation to <span class&equals;"xn-money">&dollar;1&period;05 billion<&sol;span>&period; Density says it has experienced more than 500&percnt; growth since <span class&equals;"xn-chron">March 2020<&sol;span>&comma; with customers that include leading Fortune 500 companies and high-growth ventures like Okta across 32 countries&period; Combined&comma; Density customers manage more than 1&period;25 billion square feet in commercial real estate worldwide and are experimenting with new ways to create dynamic workplace environments that prioritize employee experience while optimizing their real estate footprint&period;<&sol;p>&NewLine;<p>&&num;8220&semi;At Okta&comma; we enable our customers to securely use the best technologies for their business&period; We think about our spaces and how they enable our employees in the same way&comma;&&num;8221&semi; said <span class&equals;"xn-person">Brooke Lierman<&sol;span>&comma; Sr&period; Director of Workplace Technologies&comma; Okta&period; &&num;8220&semi;We aim to create trusted&comma; safe spaces that enable and empower our employees with what they need to be successful&comma; while reducing our impact on the planet&period; Density is a critical partner in helping us make data-driven decisions on how to evolve our offices to fit with how people work today&comma; as well as in the future&period;&&num;8221&semi;<&sol;p>&NewLine;