USA – Density, a San Francisco, CA-based company building hardware and software that helps companies measure, analyze and optimize physical space, acquired Prevision.io, a Paris, France-based data science company.
The amount of the deal was not disclosed. The acquisition is part of a larger global expansion, starting in Europe. Density is also announcing it has hired J C Groon to lead the company’s expansion internationally, with initial operations in Ireland and the UK.Density’s privacy-first sensors, paired with a rich platform that contextualizes the data those sensors provide, help companies understand how people use space, and through the data, insights, and actionable recommendations it provides, companies are able to adapt their spaces to reflect the way people use them. Its list of customers ranges from Fortune 10s to high-growth tech companies.The Prevision.io team will now contribute their data science expertise to Density’s onboarding experience and its analytics platform, a data-rich system that provides comprehensive insights of how space is used, including the ability to compare performance of spaces to one another or to portfolio benchmarks. The team of engineers will remain in Paris; their presence there will complement Density’s broader expansion into EMEA led by Groon.Led by Andrew Farah, CEO, Density provides privacy-first hardware plus proprietary software to help inform decisions for the workplaces of some of the largest companies in the world, spanning 32 countries, with more than 1.25 billion square feet under management. Its customers range from the Fortune 1000 to high growth tech companies, and include Uber, Pinterest, Shopify, Okta as well as household names across financial services, e-commerce, and social networking. In November 2021, Density announced $125 million in Series D funding led by existing investor Kleiner Perkins.25/07/2022
