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This funding will accelerate product innovation, scale operations, and expand market reach, helping organizations to prevent serious injuries and fatalities.
Sands Capital led CompScience’s $27.6M funding round, paving the way for enhanced AI capabilities, an expanded global team, deeper insurer partnerships, and extended reach into new industries.
CompScience is revolutionizing how industries manage safety, leveraging advanced computer vision and generative AI to identify risks in real-time. Since its launch in March 2023, it has reduced workplace incidents by 35%, improved compliance with safety regulations, and driven over $30M in savings for its 200+ enterprise clients.
Chris Eng, Principal at Sands Capital, stated, “CompScience is redefining workplace safety with cutting-edge technology. We’re excited to support their mission to prevent serious injuries and fatalities across industries.”
Led by Sands Capital’s Global Ventures team, which seeks to partner with entrepreneurs building transformative early-stage technology businesses, this investment underscores Sands Capital’s deep experience in identifying and backing companies leveraging artificial intelligence aiming to build the next market leaders. This investment in CompScience joins notable investments made by the Global Ventures team in companies including SafeRide Health, Codoxo, and Hawk:AI.
Disclosures:
The Global Ventures investment strategy is managed by Sands Capital Ventures, LLC (“Sands Capital Ventures”) and is only available to qualified investors.
The activities of the Global Ventures Team, including investment due diligence and sourcing, may be supported on an ad hoc basis by various members of the broader global research team of Sands Capital Management, LLC as well as members of the Ventures Team of Sands Capital Ventures.
This document does not constitute or form part of an offer to sell or issue, or a solicitation of an offer to purchase or subscribe for, any securities. It is not intended to form the basis of any investment decision and is being made available by or on behalf of Sands Capital Ventures for informational and discussion purposes only.