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Today: May 11, 2024
December 18, 2023
1 min read

Salus snares C$8m Series A for safe construction solutions.

Construction safety management platform Salus has successfully raised C$8m in a Series A funding round. The contributors to the round, based in New York, have not been disclosed. Salus is a Canadian-based company which uses predictive analytics and machine learning to identify and prevent accidents on construction sites. Additionally, Salus offers its partners personalised recommendations concerning site safety, instruction for workers, along with other pertinent safety-related data.

  • Salus has secured C$8m ($6m) in a Series A funding round.
  • The construction safety management platform operates from Canada and partners with New York-based investors.
  • Details of the investors participating in this funding round have not been made public.

Through its innovative use of machine learning and predictive analytics, Salus tracks the movements and behaviours of workers on construction sites in order to identify potential risks and prevent accidents before they happen. This data-driven approach allows Salus to offer its clients customised safety recommendations tailored to their specific work sites, thereby enhancing overall site safety and protecting workers.

Aside from its predictive capabilities, Salus also offers in-depth training programs for workers. By educating workers about potential hazards and the importance of safety precautions, Salus aims to improve the safety culture within the construction industry, reducing the number of preventable accidents and enhancing overall productivity.

This significant financial boost will assist Salus in its aim to further enhance safety within the industry and continue the development of its pioneering technology. Further details about the use of the funds, as well as about the investors, are expected to be released shortly.

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