Safehub, a San Francisco, CA-based platform to deliver real-time, building-specific earthquake damage information, closed a $5m seed funding round.
The round was co-led by Fusion Fund and Ubiquity Ventures. Bolt, Promus Ventures, Blackhorn Ventures, Maschmeyer Group Ventures, and Team Builder Ventures also participated in the round.
The company will use the capital to accelerate deployment to Fortune 500 companies seeking to strengthen their business continuity and resilience efforts.
Led by Andy Thompson, CEO, Safehub employs a combination of sensors, analytics, and third-party data to provide real-time, building-specific earthquake damage information. Their sensors measure earthquake ground motion and building response, as well as changes in building natural frequencies. Together, this information is used to estimate damage to the building and related business interruption losses. In the event of an earthquake, the platform sends actionable damage alerts and financial loss estimates via text messages, email alerts, and a web dashboard – all within a matter of minutes post-event.