SafeGuard, a Jerusalem, Israel-based international safety tech that provides AI-powered safety solutions for construction, raised $8 million in Series A funding.

The round was led by Hi-tech investors Ron Zuckerman and Hillel Kobrinsk, with participation from Ronen Peled, Yehuda Rachamim, Zemach Hammerman, and Wall Street investor Jeffrey Schoenfeld.

SafeGuard is also announcing the creation of Otoos, a daughter company that will focus exclusively on the construction industry in the US. In addition, SafeGuard will expand the use of its end-to-end decision-making solution to other industries needing better safety technology.

The Safety-Tech company uses machine learning to predict and prevent accidents on construction sites. SafeGuard s technology prevents accidents in real-time with its automated decision-making platform.

SafeGuard platform collects data simultaneously from multiple sources: cameras, sensors, drones, statistic analysis, open data, and big data.

Company: Safeguard Applied Innovation LTD

Raised: $8.0M

Round: Series A

Funding Month: April 2023

Lead Investors: Ron Zuckerman and Hillel Kobrinsk

Additional Investors: Ronen Peled, Yehuda Rachamim, Zemach Hammerman, and Jeffrey Schoenfeld

Company Website: https://en.safeguard.co.il/

Software Category: AI-powered Safety Solution

About the Company: SafeGuard is a construction tech company that develops solutions to improve the managerial and financial effectiveness of construction projects through safety and control. The company’s safety platform is focused on obtaining all safety-relevant data from users, sensors, and artificial intelligence-based devices. The solution’s AI technology analyzes data in real-time, quantifies safety indicators, and delivers control to decision-makers at all levels, regardless of project complexity or country regulations. 

Source: https://aec-business.com/safeguard-an-ai-powered-safety-solution-for-construction-raises-8-million/