CompScience, a San Francisco, CA-based provider of an AI-powered workplace safety analytics platform, announced that it closed $6 million in seed funding.
CompScience received key workers' comp insurance and distribution partnerships including The Hartford, Mid Atlantic Insurance Group, LLC, Bender Insurance Solutions, Heffernan Insurance Brokers, and the Insurance Office of America.
Investors in the platform include Working Capital Fund, Preface Ventures, Hustle Fund, Pathbreaker Ventures, and others.
CompScience has grown 5x year on year and now covers 70% of the US market.
“Every company needs a workers’ comp solution, but CompScience is delivering more value than simply coverage. We use objective data to protect people, and we reward our clients for their safety investments,” explained Josh Butler, Founder and CEO of CompScience Insurance.
Company: Kinetic Incorporated
Raised: $6.0M
Round: Seed Round
Funding Month: Aug 2022
Lead Investors: Working Capital Fund, Preface Ventures, Hustle Fund, Pathbreaker Ventures
Additional Investors:
Company Website: https://www.compscience.com/
Software Category: Workers' Comp Insurance with Video Analytics
About the Company: CompScience provides video analytics as a service and data-driven recommendations that can rapidly yield results in the $6 trillion market for workplace safety. With existing video from work sites, the CompScience platform generates proprietary risk factors from 50+ behavioral and environmental hazard detectors with an expanding library of computer vision models. CompScience Insurance can reduce workers’ comp insurance for businesses and manufacturers in all industry verticals while reducing injuries. The product is based on AI-powered safety analytics, providing expertise in risk assessment, and recommendations to make workplaces safer.
Source: https://www.globenewswire.com/news-release/2022/08/25/2505017/0/en/CompScience-Receives-Workers-Comp-Insurance-Industry-Validation-and-Closes-6M-Seed-Round.html