StrongArm Technologies, a Denver, CO-based company which specializes in in wearable safety technology that identifies risk and prevents injuries in the workplace, received a multi-million dollar growth funding package with Decathlon Capital Partners.
The amount of the deal – a shareholder-friendly, revenue-based financing structure – was not disclosed.
The company intends to use the funds to expand new customer programs, new product innovation, and deployment capability efforts.
Led by CEO Sean Petterson, StrongArm Technologies is a workplace safety management system company that uses predictive data from safety wearables to reduce workplace injuries. Its SafeWork System tells employees in real-time to correct unsafe behavior and reports on ways to reduce risk and drive safety culture deep within customer’s facilities.
StrongArm Technologies recently merged with Worklete, a complementary technology company that provides preventative safety training solutions. The joint organization will do business as StrongArm Tech.
FinSMEs
05/06/2023