TLDR:
- EIC Rose Rock invests in Safety Radar, a Tulsa-based AI start-up focused on improving worker safety on job sites.
- The investment will help Safety Radar deploy AI technology to prevent accidents in various industries.
EIC Rose Rock, a venture capital fund specializing in energy technologies, recently announced its direct investment into Safety Radar, a Tulsa-based start-up with offices in Oklahoma and Colorado. Safety Radar has developed an AI platform aimed at preventing job site accidents and quickly identifying and addressing potential risks to protect employees, assets, and reputation. The $1.5m Series Seed financing round, led by EIC Rose Rock, also included strategic investor Helmerich and Payne (H&P), DA Ventures Seed Fund, and other investors.
Safety Radar’s CEO expressed excitement about joining the EIC Rose Rock portfolio and highlighted the company’s commitment to keeping people safe across various industries. H&P, a strategic investor, praised Safety Radar’s technology for its potential safety impacts on employees and industry workers. Before the investment, Safety Radar was a member of the Rose Rock Bridge start-up incubator, receiving a $100,000 non-dilutive grant to build the company in Tulsa.
EIC Rose Rock has added eight portfolio companies since its launch, with a focus on creating jobs in the Tulsa region. The company also partners with Rose Rock Bridge, a non-profit start-up incubator, to support energy tech start-ups through funding, piloting, and access to customers in the Tulsa area. Safety Radar, as the first AI platform aimed at preventing job site accidents, is set to make a significant impact on worksite safety and risk management in multiple industries.
