3 years ago

Soter Analytics Secures £9.2 Million for Workplace Safety Wearables

  • Soter Analytics, a UK-based wearable tech company, has raised £9.2 million in Series A funding led by AV8 Ventures

  • The funding will be used to boost R&D of its AI-powered wearables designed to prevent workplace injuries

  • Soter Analytics will also expand its market share in the US, Europe, and the UK, including France, Germany, Netherlands, and Scandinavia

  • The company's technology has identified over 100 million hazards and safe movements and is used by companies such as Travis Perkins, Coca-Cola, Gap, and Woolworths

  • Additional funding came from investors OTB Ventures, btov Industrial Technologies Fund, and Verve Ventures.

      • ProblemTechnology

      "Work-related musculoskeletal disorders (MSD) injuries are a growing concern for all industries, affecting the lives of many employees and costing billions of dollars every year. Many Fortune 500 leaders highlighted the urgency for an effective safety solution."

      Solution

      "Soter Analytics' wearable, artificial intelligence (AI) powered wearables are designed to prevent injury in the workplace. The wearables track users’ back and shoulder movements to provide manual handling training tutorials and personalised training that tracks users’ progress. It can be used in warehousing, manufacturing and construction."

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