Buddywise Raises €3.5M in Seed Funding

Buddywise, a Stockholm, Sweden-based AI powered workplace safety platform provider, raised €3.5m in seed funding.

The round was co-led by Kvanted, and J12, alongside existing investors Aligned and Antler, as well as a group of angel investors including Hans Stråberg (Chair at Atlas Copco and SKF), Hans-Olov Blom (founder of Ramudden Global) and Eric Quidenus-Wahlforss (founder of Soundcloud).

The company intends to use the funds to accelerate the recruitment of commercial and tech talent as well as further expand its existing customer base of international industrial enterprises to initiate its commercial expansion across Europe.

Founded by Lamin Faye and Yigit Arin, Buddywise has built a workplace safety solution that utilizes artificial intelligence and computer vision to pinpoint real-time safety risks in the workplace. Industrial clients can connect their existing camera infrastructure to the platform to enable leaders and management to immediately take action at the earliest indication of risk, and proactively mitigate hazards as the 24/7 collection of data generates continuous insights to learn and act upon. This technology can increase the protection of teams working on industrial sites.

As of today, the solution has already been adopted at multiple industrial sites across Sweden, Finland, Latvia, and Poland, covering industries ranging from infrastructure and manufacturing to pulp and paper.