# DriveSafety

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/drivesafety

- Industry: Electronics
- Headquarters: US
- Website: www.drivesafety.com
- Total disclosed funding: $8.9M
- Latest round: Series B (Jan 1, 2005)
- Investors on record: 3

## About

DriveSafety, Inc. develops advanced driving simulators tailored for clinical and research environments, enhancing the rehabilitation process for individuals with cognitive and physical impairments.Founded in 1995 in the United States, DriveSafety, Inc. focuses on creating advanced driving simulators. The company has undergone no major pivots or changes in its operational focus. Currently, the firm is presided over by CEOs Douglas Evans and Steven Hallmark. DriveSafety has successfully secured funding, with its most recent deal dated January 2008, raising USD 0.525 million from undisclosed investors, which contributes to its total amount raised of USD 0.520 mn through 5 deals.DriveSafety specializes in advanced driving simulators designed for clinical and research settings, primarily aimed at enhancing the cognitive, visual, and physical functioning of patients. Their core product offerings include the DriveSafety DS and RS series of driving simulators, which integrate state-of-the-art simulation technology with user-friendly tools to facilitate driving rehabilitation and therapeutic care for individuals affected by functional impairments. These simulators are widely utilized in veteran and active military medical centers, private hospitals, and clinics, allowing healthcare professionals to assess and improve the driving capabilities of patients recovering from various conditions. The DS 600 simulator is particularly noted for its high-fidelity simulation capabilities, enabling researchers to create custom driving scenarios and conduct performance assessments. DriveSafety's products are marketed primarily in North America, with a growing interest from international health care institutions.DriveSafety generates revenue through direct sales of its driving simulator products, including flagship models like the DS 600 and RS 600, positioned as essential tools in rehabilitation and research environments. Transactions typically occur on a B2B basis, where healthcare facilities purchase the simulators and associated software, often supported by training and customer service agreements. The structure of these transactions may include one-time purchases, along with potential maintenance and software update agreements to ensure continued operational efficiency. Although specific pricing details for the products are not disclosed, the company focuses on providing comprehensive solutions that address the needs of their clients in driving assessment and rehabilitation. By partnering with academic institutions and medical centers, DriveSafety continues to establish itself in the simulation technology market for health care applications.As of January 2008, following their latest funding round, DriveSafety is expected to utilize the raised USD 0.525 million to enhance its product line and expand its market reach. The company plans to develop and launch new simulator models tailored to meet the evolving demands of healthcare providers. Additionally, DriveSafety is exploring opportunities to penetrate international markets, specifically targeting Europe and Asia by 2025. These initiatives aim to broaden their customer base and elevate their presence in the global health technology sector.

## Funding rounds

- Series B, Jan 1, 2005, $0.3M — EPIC Ventures, Signal Peak Ventures, Esnet Group
- Series B, Dec 1, 2004, $2.5M — EPIC Ventures
- Series B, Sep 1, 2003, $6.1M — EPIC Ventures, Signal Peak Ventures, Esnet Group

## Investors

- EPIC Ventures (https://capitalatlas.ai/funds/epic-ventures) — Series B
- Signal Peak Ventures (https://capitalatlas.ai/funds/signal-peak-ventures) — Series B
- Esnet Group (https://capitalatlas.ai/funds/esnet-group) — Series B