LiveSafe, which helps organisations reduce operational risk by enabling them to prevent serious safety and security incidents, has raised new funding.
The New York-based company has secured $11m, in a Series B-1 extension. About half of the investments in this extension were made by existing investors and half came from new investors.
Previous investors participating in this round include Hearst, Enterprise Investment Partners, L.P. (the personal investment vehicle for FedEx Chairman and CEO Fred Smith), and IAC. New investors Dave Duffield (founder and former CEO of PeopleSoft and Workday), Revolution’s Rise of the Rest Seed Fund, GXPI (investment arm of Evergy), and the Kilberg family also took part.
The new funding will used to accelerate strategic partnerships, expand sales and marketing and to further build out its product offerings.
LiveSafe’s risk intelligence technology platform engages organization-wide vigilance that surfaces early warning insights and prevents serious safety and security incidents to mitigate operational risks, reduce financial losses, and make places safer for people to work, learn, and live.
Its technogoly is used by more than 300 forward-thinking enterprises, universities and organizations including Hearst, IAC, Cox Communications, Brookfield Properties, the Consumer Technology Association, the San Francisco 49ers.
“I’ve always believed that people are the heart of any organization and are its biggest assets,” said Dave Duffield, founder and former CEO of PeopleSoft and Workday. “My investment in LiveSafe further reinforces this view. Employees feel most empowered to succeed when employers invest in their talent and show concern for their wellness, safety, and security. With LiveSafe, employees create an informed community in which they protect one another while reducing risks for the company, thereby creating a safer environment for everyone.”
LiveSafe is a technology platform that powers enterprises, including retailers, utilities, healthcare organizations, transportation and logistics firms, colleges and universities, sports teams and arenas, events, and some of the nation’s largest corporations and federal agencies, to mitigate risks and create a ‘return on prevention’.
It does this by surfacing actionable people-sourced safety and security intelligence on critical types of risks facing organizations today. These include workplace violence, insider threats, workplace injuries, malfeasance, sexual harassment, cyber threats and others.
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
