CompScience Secures $27.6M Series B to Advance AI-Driven Insurtech for Workplace Safety

Whats Happening:

CompScience, a leading active commercial P&C insurance company, has successfully closed a $27.6M Series B funding round led by Sands Capital. The investment will be used to accelerate product innovation, scale operations, and expand market reach to help more organizations prevent serious injuries and fatalities (SIFs) in the workplace.

Key Moves:

• CompScience raises $27.6M in Series B funding led by Sands Capital

• Funding to accelerate product innovation and expand market reach

• Company aims to help more organizations prevent serious injuries and fatalities

By The Numbers:

• CompScience has raised $27.6M in Series B funding

• The company has helped reduce workplace incidents by 35%

• CompScience has driven over $30M in savings for clients

Key Quotes:

• "This funding is a testament to the value we're delivering to organizations that are committed to protecting their workforce," said Josh Butler, Founder and CEO of CompScience.

• "With this investment, we will make AI-powered safety available to millions of workers and save thousands of lives."

• "CompScience is redefining workplace safety with cutting-edge technology. We're excited to support their mission to prevent serious injuries and fatalities across industries," added Chris Eng, Principal at Sands Capital.

Bottom Line:

CompScience's successful Series B funding round demonstrates strong investor confidence in its AI-driven approach to workplace safety. With this investment, the company is poised to expand its reach, potentially saving thousands of lives and transforming how industries manage safety using advanced computer vision and generative AI.

Read Full Article