MākuSafe, a Des Moines, Iowa-based safety technology company, closed its nearly $3m seed funding round.
Backers included EMC Insurance Companies, Next Level Ventures, and The Best of the Midwest.
The company, which has raised nearly $4.5m in total funding to date, plans to use the capital to hire key personnel and to scale the manufacturing of its proprietary technology.
Founded in 2016 by Gabriel Glynn and Mark Frederick, MākuSafe has developed a cloud system for gathering real-time environmental and human motion data to identify workplace risk. The platform uses machine learning to process millions of data points gathered by wearable armband devices invented by the company.
With the data gathered from the wearable devices, customers can gain insights into their workforce and operations, resulting in mitigating workplace risks and reducing worker compensation claims.
FinSMEs
18/02/2019