Human Condition Safety (HCS), a NYC-based developer of wearable devices, analytics, and systems to improve worker safety, received a strategic investment from American International Group, Inc. (NYSE:AIG).
The terms of the deal were not disclosed.
Led by Peter E. Raymond, CEO, Human Condition Safety is creating tools for workers, their managers, and worksite owners to prevent injuries before they happen. Incorporating wearable devices, artificial intelligence, building information modeling, and cloud computing, the product and service offering is designed for industries that hold the highest risk for workers, including manufacturing, energy, warehousing and distribution, and construction.
In collaboration with strategic partners including AIG, HCS is conducting a set of pilots to demonstrate how its proprietary technology creates measureable improvements to reduce the frequency and severity of work-related injuries.
Human Condition Safety (HCS) is a spin-out of Human Condition Labs, a research and development lab that uses technology to create solutions that have substantial and positive social impact.