Science

Density acquires French AI startup Prevision.io and announces international expansion in Europe

The Paris-based team will bring their data science expertise to Density, a company that creates hardware and software to measure and optimize physical space.

SAN FRANCISCO, July 26, 2022–(BUSINESS WIRE)–Density, a hardware and software company that helps businesses measure, analyze and optimize physical space, today announced it has acquired Paris-based data company Forecast.io. This decision is part of a wider global expansion starting in Europe; Density also announces that it has hired JC Groon to lead the company’s international expansion with initial operations in Ireland and the UK.

Density’s privacy-focused sensors, combined with a rich platform that contextualizes the data provided by these sensors, helps businesses understand how people use space, and with the actionable data, insights, and guidance they provide, businesses can tailor their spaces. to reflect how people use them. Its growing client list ranges from Fortune 10 companies to fast-growing technology companies, all of which know the value of measuring and understanding the performance of their office space to reduce operating costs, improve employee working conditions and reduce their carbon footprint.

“Our customers are already using Density around the world – our sensors are deployed in 32 countries because the multinational corporations we work with need information in all their offices, not just in the US – so having a team in the EMEA region is a natural next step. said Andrew Farah, CEO and co-founder of Density. “To fulfill our mission to measure and improve humanity’s impact on the world, we will need a truly global presence, and the Prevision team and JC will drive our future growth.”

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The Prevision.io team has developed tools that provide powerful AI governance for data science users so that more AI projects go into production and stay in production. At Density, the team will bring their data science expertise to the integration experience and the Density analytics platform, a fast, data-rich system that provides the most complete view of how space is being used, including the ability to easily compare the performance of spaces with each other or with benchmark portfolios.

Prevision’s exceptional engineering team will remain in Paris; their presence in the city will complement Density’s wider EMEA expansion led by JC Groon, Managing Director of International, who joined Density in March. Mr. Grun was most recently Director of Global Accounts at LinkedIn and has held positions at Cisco, NAVTEQ (now HERE Technologies) and Accenture; he will bring to the team over 20 years of experience developing go-to-market strategies, developing products and services, and leading strategic initiatives.

“EMEA has some of the most advanced privacy protections in the world, and given how Density has developed its privacy-focused technology, we are uniquely positioned to deliver rich, actionable information to consumers. without compromising employee privacy,” Grun said. “We also found that customers in Europe, the Middle East and Africa were ahead of the curve when it came to the impact their square footage had on their carbon footprint; leaders in the region understand that by measuring and optimizing the use of their physical space, they significantly reduce their overall operating costs while improving their environmental impact.”

About Density

Density’s mission is to measure and improve humanity’s impact on the world. Today, its technology—privacy-focused hardware and proprietary software—helps make workplace decisions for some of the world’s largest companies, operating in 32 countries and managing more than 116 million square meters. His clients range from Fortune 1000 companies to high-growth tech companies including Uber, Pinterest, Shopify, Okta, as well as big names in financial services, e-commerce and social media. In November 2021, Density announced a $125 million Series D funding led by existing investor Kleiner Perkins.

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View original version on businesswire.com: https://www.businesswire.com/news/home/20220725005044/en/

contacts

Laurel Tony
press@density.io

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