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Allegion Ventures invests in AI-focused VergeSense

May 27, 2020SSN Staff

CARMEL, Ind.—Allegion Ventures, a $50 million corporate venture fund of Allegion plc, recently led a strategic investment in VergeSense, an AI-powered sensor provider for the workplace. Terms of the deal have not been disclosed. This is Allegion Ventures’ first investment in VergeSense and part of a larger $9-million strategic funding round for the portfolio company. VergeSense plans to use the investment to meet increased customer demand and scale its analytics software platform....

Allegion Ventures, Artificial Intelligence (AI), Dan Ryan, Rob Martens, VergeSense