Protex AI raises $18 million to help protect workers using AI

We’re delighted to announce that we have now raised a total of $18 million of investment to help further grow our presence in Europe and North America, led by Notion Capital with participation from Playfair Capital, Elkstone and Firstminute Capital to empower EHS teams to protect their workforce with AI-powered technology. 

The Vision

Working with blue-chip brands such as leading UK retailer, Marks & Spencer (M&S), our always-on solution is revolutionising how enterprise safety teams make proactive safety decisions. The privacy-preserving AI platform plugs into existing CCTV infrastructure and uses its computer vision technologies to capture unsafe events autonomously in a variety of settings such as warehouses, manufacturing facilities and ports. 

M&S Chairman Archie Norman has welcomed the advancement in safety technology to the franchise saying: "Site safety is critical to our colleagues and Protex AI's technology brings behavioural visibility to the next level. What we like about the approach is that it uses and interprets real data to enable our teams to adopt a preventative approach reducing risk of injury and keeping our people safe."

The Investment

We have raised $18M in seed and Series-A funding. In addition to lead investment by Notion Capital, several existing and new investors have also participated in this funding round, including firstminute capital and strategic investments from Flexport which recently raised $935 million in a Series E investment round and SCOR Ventures.

Dan Hobbs CEO of Protex AI said “The strategic investment from both Flexport and SCOR Ventures is a clear indicator that there’s a need for technology-based solutions to radically improve safety standards in industry. Protex AI has a compelling proposition to address this need. With the cost of workplace accidents estimated at $171 billion in the US alone due to losses in productivity, insurance, and medical expenses; safety technology is a growing space as companies look to prevent huge losses in costs and time. 

“The investment is also a strong endorsement that the technology we’re building at Protex AI is the right solution to revolutionise the way modern safety is practised. I would like to thank our existing shareholders for their support and welcome new investors to our business.” 

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