Density Raises $125M: A Breakthrough in Anonymous Tracking of Public Spaces
Density, a pioneer in anonymous tracking of how people use office buildings, rentals, and other public spaces, announced on November 10 that it raised $125M in its latest funding round, bringing its valuation above $1B. The company has been growing massively with customers like Uber, Shopify, Delta, and Cisco. Density provides data that hasn’t been available until now, changing the way companies, real estate leaders, and employees think about and measure these major assets.
Interview with Andrew Farah: Growth and Transition of Density
We had the opportunity to speak with Andrew Farah, CEO of Density, about today’s news and where the company is going in the future. Here are the key points from the conversation.
Growth and Transition Through the Pandemic
Density has shown significant growth in the last two years, during which the world has been grappling with the Covid-19 pandemic. The company has seen a higher demand for their products as public spaces are re-thought in light of the pandemic. The ability to track people without violating their privacy has proven particularly important.
Impact on Climate Change
With 39% of all emissions coming from buildings, data provided by companies like Density can make a measurable impact on reducing carbon emissions. Density provides actionable insights on how spaces are being used, enabling building owners to implement changes that reduce carbon footprints.
Range of Use Cases
Density’s technology has a wide range of use cases, both now and in the future. One of their core customers includes the ride-hailing service Uber, which uses Density’s technology at their driver rest hubs to help drivers find a place to relax between rides. Density also has the potential to be used for short-term rental monitoring and city disaster planning.
Celebrating Density’s Success
The latest funding milestone is another significant achievement for Density. Congratulations to the team for their continued success!
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