Density creates smart sensors that help businesses understand how their workspaces are used without compromising individual privacy. Their sensors provide accurate data that allows companies, including Fortune 500 firms, to optimize office space and reduce costs associated with unused areas. Density's business model includes selling these sensors and offering a subscription-based analytics platform for detailed insights into space utilization. The goal is to help clients make informed real estate decisions and improve workplace design, especially in the context of hybrid working.

Social Capital

Dawn Patrol Ventures

Hiten Shah

Jason Calacanis

Upfront Ventures

Founders Fund

LPC Ventures

Kevin Hartz

Disruptive Technology Advisers

Scott Banister

Julia Hartz

Kleiner Perkins

LAUNCH VENTURES

Alex Rodriguez

Cyan Banister

Ludlow Ventures

01 Advisors

Launch

Lachy Groom

Altimeter Capital

Jonathon Triest

Daniel Curran

Data & Analytics

Real Estate

Density

Silicon Valley Bank was a full-service institution focused on meeting the needs of startups.Few other banks offered the potent mix of flexibility, understanding and banking products and services that made the now-failed SVB such a fixture within the startup landscape.“SVB is an incredible bank,” Ori Franco, chief financial officer at Density, told PYMNTS in a discussion that touched on the fallout from the lender’s collapse.“We stand behind them as they stood behind us when we needed it as a company,” he added, emphasizing that Density maintains its banking relationship with SVB.SVB was acquired Monday (March 27) in part by First Citizens Bank, a North Carolina lender with a long history of purchasing failed banks.Banks Must Find Their Product-Market FitGiven that the government stepped in to backstop SVB deposits, Franco said that the SVB failure caused “more of an operational challenge, than a capital at risk challenge,” adding that his organization was able to quickly open another account with a regional bank to manage its vendor payments and handle other immediate needs, including payroll.Still, with SVB gone, a lot of young companies will find it harder to manage their finances, and many startups find themselves facing pressing existential questions around their future.“SVB offered a suite of products to support companies our size, particularly credit facilities that require deposits to be in the bank in exchange for offering credit [to startups],” Franco said. “For example, if a [startup] raises a round, SVB would provide them with a working capital facility in exchange for that funding to be held with them. Other banks offer [these products], but SVB was just so far ahead.”In general, banks lend to companies that can provide proof of revenue and are able to meet other longstanding criteria. By contrast, SVB supported many startups at the beginning of their operational journeys and was more lenient in allowing variations within contractual terms, including revenue covenants underwriting credit agreements.Franco said that, looking forward, he believes other banks will start to take a similarly understanding view in establishing new banking relationships with startups.“I think there will be more leniency around requirements to hold deposits in a given financial institution to the extent that you have credit facilities outstanding,” he said. “It will become more of a point of negotiation than it was in the past.”He added that from a credit product standpoint, “it’s good business.”Reducing Redundancies to Drive GrowthFranco said what stands out to him about the post-crisis banking landscape, from his perspective atop the finance arm of a mature and well-funded startup, is it is imperative to address relationship redundancy questions and avoid the same type of concentration risk that brought SVB down.“It’s easy just to hold money in a bank,” he said. “What’s the hard part is how to operationalize treasury management

Density Cfo Says Establishing Product-Market Fit Critical For Banks Post-Svb

DOWNLOAD PRESS IMAGES HERE .SAN FRANCISCO, June 13, 2024 /PRNewswire/ -- New research by international design practice Hassell and workplace analytics leader Density reveals that North American tech workplaces, once the vanguard of workplace innovation, are still catching up to new work patterns. With average peak utilization not exceeding 34% in tech offices, up to $40m in rent costs are wasted annually on underused space.*The State of Technology - Hassell x DensityThe State of Tech Industry Workplaces research report examined a full year's usage of tech workspaces to understand the relationships between utilization, return-to-work (RTO) policies and layout in more than 1.4 million square feet. Among its key findings are:The impact of return to work (RTO) policy on office utilization isn't as significant as you'd expect. Going from a policy that lets employees decide when to come in, to a mandatory three-day, in-office hybrid policy only increases peak daily utilization by 17% (from 29% to 46%). This suggests that hybrid RTO policies aren't being fully enforced or respected. Employees who can decide where they work spend twice as much time in meeting rooms when they're in the office compared to those with formal hybrid policies

Latest Research By Hassell And Density Reveals Tech Workplaces Still Catching Up To New Work Patterns

The U.S. office market is in uncharted territory as the amount of office space has declined for what is likely the first time in history. Less than 5 million square feet of new offices broke ground in the U.S. so far this year, while 14.7 million square feet has been removed from the market, Bloomberg reported Thursday (July 27), citing data from commercial property brokerage Jones Lang LaSalle (JLL). This would be the first net decline in data going back to 2000, and possibly ever. “We would have a lot of confidence in saying that national office inventory has never actually declined in the past,” JLL Research Manager, U.S

Office Space Inventory In Us Sees First Net Decline

The biggest U.S. bank failure since 2008 has emphasized the fundamental importance of best practices. Thatâ€™s what a dozen top finance leaders across industries told PYMNTS during a series of interviews that took place in the weeks following the aftermath of the Silicon Valley Bank (SVB)-led banking failures in March. While the immediate market impact is starting to ease up, the collapses have highlighted the need for greater and more frequent communication led by chief financial officers around liquidity levels and cash availability at the board, management and even employee levels. They have also brought bank risk frameworks, working capital management strategies, and relationship redundancy tactics into clearer focus

12 Cfos On How Svb’S Collapse Transformed The Finance Department

In today’s world, almost everything we do is monitored, tracked and even dictated by data. Now, with a privacy-first approach, US-company Density is going to fuel data-driven decisions about how spaces, specifically offices, should be designed in Europe with the aim to improve humanity’s footprint on the earth. Density Acquires Prevision.io

Us-Based Startup Density Acquires Prevision.Io To Supercharge Emea Expansion

Density CFO Ori Franco says firms need data and insights that can be provided by digital tools to make decisions about reallocating office space.

CFOs Desperate for Data to Recalculate the Cost of Office Space

(Density) Syracuse, N.Y. -- Density, a startup company whose technology allows building owners to anonymously count and track how people use their space, is opening a new office in downtown Syracuse to house its manufacturing center.

Density Inc. expands offices to Syracuse, New York, United States

Density is now opening a major manufacturing facility in the Whitlock building on South Salina Street, across from Salt City Market.

Density Inc. opened new location in Salina, Kansas, United States on Mar 15th 22'.

Density has raised a $125 million Series D led by Kleiner Perkins, with support from investors including Altimeter Capital, 01 Advisors and Upfront Ventures.

Altimeter invests into Density Inc. in $125M

Designs sensors for workspace utilization analytics

Density

Designs sensors for workspace utilization analytics

Density

Designs sensors for workspace utilization analytics

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