Protex AI Raises $18 Million in Funding  

by Kay Aloha Villamor in , August 29th, 2022

Protex AI, an Irelan, Dublin-based developer of an AI-powered workplace safety solution designed to create a safe and healthy workplace, raised a total of $18 million in seed and Series A funding to help further grow its presence in Europe and North America.

The round was led by Notion Capital, with participation from Playfair Capital, Elkstone, and Firstminute Capital. Flexport and SCOR Ventures also made strategic investments.

The investment will be used to expand both its commercial and engineering teams in order to meet the demands of the global market and to continue to innovate in a space that lags behind. 

Protex AI currently employs 20 people and plans to hire another 30 in 2023 to expand its commercial and technology teams. Next year, the company will open a US office to better serve the North American market as well as expand its support and client success teams.

Company: Protex AI Limited

Raised: $18.0M

Round: Seed and Series A

Funding Month: Aug 2022

Lead Investors: Notion Capital

Additional Investors: Playfair Capital, Elkstone, Firstminute Capital, Flexport, and SCOR Ventures

Company Website: https://www.protex.ai/

Software Category: AI-powered workplace safety solution

About the Company: Protex AI, founded in 2021 by Dan Hobbs and Ciarán O'Mara, created an AI-powered workplace safety solution to create a safe and healthy workplace. Protex AI employs artificial intelligence and computer vision technology to detect potentially dangerous behavior in environments such as warehouses, manufacturing facilities, and ports, assisting in the proactive protection of workers and the creation of safer workplaces. Its AI-powered technology allows businesses to gain a better understanding of dangerous behaviors in their facilities. The privacy-preserving platform connects to existing CCTV infrastructure and uses computer vision technologies to autonomously capture dangerous events.

Source: https://www.protex.ai/post/safety-disruptor-protex-ai-raises-18m-to-protect-workers-using-ai


 



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