SafeGuard, a Tel Aviv, Israel-based Safety-Tech company, raised $8M in Series A funding.
The round was led by Ron Zuckerman and Hillel Kobrinsky with participation from Ronen Peled, Yehuda Rachamim, Zemach Hammerman and Jeffrey Schoenfeld.
The company intends to use the funds to expand operations and is business reach.
Led by Izhak Paz, CEO and Founder, SafeGuard prevents accidents in real time with its automated decision-making platform. The platform collects data simultaneously from multiple sources such as cameras, sensors, drones, statistic analysis, open data and big data to automate on-site decision-making. The algorithms identify on-site human error patterns and use AI to predict the probability of an accident occurring. The predictive data is then converted into proactive measures that enforce good decision-making beforehand. For example, SafeGuard machine learning capabilities can identify and stop a construction worker in real time on the verge of making a mistake, preventing an accident by locking the worker out of the hazardous area.
SafeGuard is also announcing the creation of Otoos, a daughter company that will focus exclusively on the construction industry in the US.
FinSMEs
19/04/2023