LiveSafe, a NYC-based provider of a solutions for organizations to prevent serious safety and security incidents using early warning insights from their people, secured $11 million in a Series B-1 extension funding.
Backers included existing investors Hearst, Enterprise Investment Partners (the personal investment vehicle for FedEx Chairman and CEO Fred Smith), and IAC (NASDAQ :IAC ), and new investors Dave Duffield (founder and former CEO of PeopleSoft and Workday), Revolution’s Rise of the Rest Seed Fund, GXPI (investment arm of Evergy, Inc.), and the Kilberg family.
The company intends to use the funds to accelerate strategic partnerships, expand sales and marketing and to further build out its product offerings.
Led by Carolyn Parent, CEO, LiveSafe prvides a platform that allows enterprises – including retailers, utilities, healthcare organizations, transportation and logistics firms, colleges and universities, sports teams and arenas, events, and corporations and federal agencies – to mitigate risks by surfacing actionable people, sourced safety and security intelligence on some of the most critical types of risks facing organizations today.
These include workplace violence, insider threats, workplace injuries, malfeasance, sexual harassment, cyber threats and others.
LiveSafe is used by more than 300 enterprises, universities and organizations including Hearst, IAC, Cox Communications, Brookfield Properties, the Consumer Technology Association, the San Francisco 49ers and many others.