Breaking
$1.05B valuation reached in 2021 Series D $225M+ total capital raised Sensors deployed across an estimated 1–1.25 billion sq ft of real estate Operating in 30+ countries Customers include Okta, Marriott, Stripe, Coca-Cola & BlackRock Open Area radar cut measurement cost by up to 51% $1.05B valuation reached in 2021 Series D $225M+ total capital raised Sensors deployed across an estimated 1–1.25 billion sq ft of real estate Operating in 30+ countries Customers include Okta, Marriott, Stripe, Coca-Cola & BlackRock Open Area radar cut measurement cost by up to 51%
Company Profile · Proptech · San Francisco

Density.

The privacy-first sensor company measuring how the built world is actually used.

2014Founded
Andrew FarahCo-Founder & CEO
San FranciscoHeadquarters
Series DLatest round
Density brand mark rendered in colored particle art on a dark background

DENSITY — the company's angular mark, sculpted in pigment. The image doubles as the firm's calling card: measurement as something you can almost see move.
Photo: Density Inc.

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The Dispatch

Andrew Farah was tired of walking into his favorite coffee shop in Syracuse, New York, only to find it packed one afternoon and deserted the next. Most people would grumble and leave. Farah, an engineer, asked a harder question: why does nobody actually know how full a room is? In 2014 he turned that annoyance into a company. More than a decade later, Density measures how people move through an estimated billion-plus square feet of offices, lounges, libraries, and lobbies - without ever pointing a camera at them.

Density sells sensors the size of a mint tin and the software that makes their data legible. Its customers are among the largest companies in the world, and its pitch is deceptively plain: you cannot optimize a building you cannot measure. In an era of half-empty offices and expensive leases, that plain idea turned into a business valued at more than a billion dollars.

$225M+
Total raised
$1.05B
Valuation
30+
Countries
2014
Founded
What Density Does

Counting people, without watching them

The core problem is old and stubborn: how do you know how a space is used?

Density builds hardware and software that measure occupancy in real time. Its sensors detect that a person is present - entering a doorway, sitting at a desk, filling a meeting room - and feed that signal into an analytics platform called Atlas. The result is a live, anonymous picture of how a building actually gets used, as opposed to how anyone assumed it did.

The deliberate design choice at the center of the company is what it refuses to do. Density does not use cameras or facial recognition. Its sensors rely on radar and depth sensing, so the system knows a body is there but not whose body it is. That is not a feature bolted on for compliance. It is the reason many privacy-conscious enterprises will put the hardware in their buildings at all.

The problems it solves

Commercial real estate is one of the largest and least-understood costs on a corporate balance sheet. Leases are signed for space that may sit empty half the week. Return-to-office debates are waged on anecdote. Cleaning crews service rooms nobody entered. Density's data turns those guesses into numbers: which floors are used, when, and by how many people - so companies can right-size leases, plan hybrid schedules, and design offices around evidence.

“Maximize the value of every square foot.”
Density's stated mission
Products & Services

Sensors on the wall, insight on the screen

Density's line splits into hardware that senses and software that interprets.

Hardware

Open Area

A radar sensor that anonymously measures occupancy across open spaces - meeting rooms, desk neighborhoods, and large floors - with close-proximity detection and coverage up to 20 feet high. Long Range and Short Range variants can cut measurement cost by up to 51%.

Launched 2024
Hardware

Entry

The doorway sensor that started it all - counting people as they cross a threshold. An Entry Long Range option handles wider and more complex entryways.

Since 2015
Software

Atlas

The analytics platform. Atlas 2.0 turns raw sensor signals into occupancy trends, heatmaps, observations, and portfolio-scale reporting, syncing with tools like SerraView to keep space names and capacities current.

Atlas 2.0, 2022–24
Software

Nashi

A space allocation, management, and reservation system - acquired in 2024 to extend Density from measuring space into helping teams book and manage it.

Acquired 2024
Platform

Digital Twin (HELIX RE)

Technology that builds an accurate digital twin of a physical space, enabling efficient planning and design. Acquired alongside the Series D.

Acquired 2021
Services

Density Advisory

Advisory services that help real estate and workplace teams read their utilization data - and decide what to actually do with it.

Ongoing

The business model

Density runs a B2B hardware-plus-SaaS model. It sells its proprietary sensors and layers recurring Atlas software subscriptions on top, typically to enterprise real estate, workplace, and facilities teams. Revenue blends sensor deployments with per-space or portfolio software fees - hardware gets it in the door, software keeps it there.

Where it fits in the market

Density sits in the workplace-analytics and occupancy-intelligence category, a slice of proptech that swelled when hybrid work forced companies to re-examine every lease. It reported 500%+ growth after March 2020. Its wider thesis reaches further: buildings account for roughly 39% of global CO2 emissions, and you cannot cut what you do not measure.

The Competition

How Density stands apart

The occupancy-sensor field is crowded - and split by sensing philosophy. Each vendor makes a different bet about the tradeoff between accuracy and privacy.

Density
Radar + depth · anonymous
VergeSense
Camera-based
Butlr
Thermal, privacy-first
XY Sense
Ceiling coordinate sensing
Occuspace / PointGrab / Avuity
Various

Illustrative comparison of sensing approach, not market share. Density's differentiators: anonymous-by-design radar/depth sensing and hardware designed and manufactured in the United States.

Who Uses It

Fortune 500 floors, university libraries, airport lounges

Density's customers skew large and space-heavy - the organizations for whom a percentage point of utilization is real money.

OktaMarriottPinterestSchneider Electric ExxonMobilAT&TShopifySquare Coca-ColaErnst & YoungStripeBlackRock Harvard Medical SchoolDelta (airport lounges)

Beyond corporate offices, the technology has been deployed in universities, libraries, government buildings, and Delta's airport lounges. Density has said it manages occupancy data across roughly 1 to 1.25 billion square feet of commercial real estate spread across dozens of countries.

Timeline

From coffee-shop hunch to unicorn

2014

Density is founded

Andrew Farah founds Density in May, initially to predict whether a business like a coffee shop is busy.

2015

The mint-tin sensor debuts

Density introduces a small doorway sensor that counts people entering and exiting a space.

2020

The pandemic reframes the office

The shift to hybrid work drives a reported 500%+ surge in demand for occupancy measurement.

2021

Series D and unicorn status

Density raises $125M led by Kleiner Perkins at a $1.05B valuation and acquires digital-twin maker HELIX RE.

2022

Atlas platform matures

Density expands Atlas for scaled portfolio deployments, deepening the software side of the business.

2024

Open Area radar & Nashi

Density ships radar-based Open Area sensors that cut measurement cost by up to 51% and acquires space-reservation system Nashi.

Funding & Backers

The money behind the measurement

Series D · $125M · Nov 2021

  • Led by Kleiner Perkins
  • Altimeter Capital (new)
  • Lachy Groom / LGF (new)
  • 01 Advisors
  • Upfront Ventures
  • Founders Fund

By the numbers

  • $225M+ raised across all rounds
  • $1.05B post-money valuation
  • Three acquisitions: HELIX RE, Prevision.io, Nashi
  • Offices in San Francisco, New York & Paris
  • Wilson Sonsini advised on the Series D
Details That Amuse & Inform

Four things worth knowing

01

The idea was born from a coffee-shop grievance in Syracuse, NY - a room that was somehow always full or always empty.

02

An early Density sensor was famously described as roughly the size of an Altoids mint tin.

03

Density counts bodies, not faces - radar and depth sensing mean it never captures who you are.

04

The company designs and manufactures its hardware in the United States, citing IP protection and quality control.

Watch & Listen

Interviews & demos

Andrew Farah on sensors, city-scale data, and the case for privacy-first measurement.

FAQ

Questions people ask about Density

What does Density do?

Density builds sensors and software that measure how physical spaces - especially offices - are used in real time, helping organizations optimize their real estate and workplace strategy.

Does Density use cameras?

No. Density uses radar and depth sensors to count people anonymously. It detects that a person is present without capturing images, faces, or personal identities.

Who founded Density and when?

Density was founded in May 2014 by Andrew Farah, who serves as CEO. The idea grew from his frustration at not knowing whether his favorite coffee shop was busy.

How much funding has Density raised?

Density has raised more than $225 million, including a $125 million Series D in November 2021 led by Kleiner Perkins that valued the company at $1.05 billion.

Who are Density's customers?

Large enterprises and institutions, including Fortune 500 companies such as Okta, Marriott, Stripe, Coca-Cola, ExxonMobil, and BlackRock, along with universities, libraries, and government buildings across 30+ countries.