# SafeAI

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

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.safeai.ai
- Total disclosed funding: $59M
- Latest round: Series B (Dec 14, 2022)
- Investors on record: 15

## About

SafeAI, Inc. is a California-based technology company specializing in autonomous solutions for heavy construction and mining, enhancing operational safety and efficiency through innovative retrofitting of existing vehicles.Founded in 2017 and headquartered in Santa Clara, California, SafeAI, Inc. develops autonomous technology tailored to heavy construction and mining. CEO and founder Bibhrajit Halder, previously associated with other ventures, has led the company through significant funding rounds, including a recent Series B round. This funding raised USD 38.00 mn on December 14, 2022, from various notable investors, bringing the total amount raised to USD 38.00 mn and the current company valuation to USD 179.21 mn.SafeAI specializes in developing autonomous technology solutions for the heavy construction and mining sectors. Its core products include a retrofit autonomous vehicle hardware kit and industry-specific software applicable to various heavy vehicles. These solutions enhance safety, productivity, and cost efficiency at worksites by enabling existing equipment to operate autonomously. SafeAI's technology has been implemented at various mining and construction sites globally, primarily in North America, Asia-Pacific, and Europe, serving a diverse clientele of heavy equipment owners and operators.SafeAI generates revenue primarily from the sale and installation of its autonomous retrofit kits and accompanying software. The business operates on a B2B model, partnering with clients to integrate its technology into existing vehicle fleets. Additional revenue streams include software subscriptions and maintenance services, supporting clients in optimizing their autonomous operations. The flagship product, the SafeAI Autonomous Kit, is designed to improve operational efficiency and safety, promising clients substantial cost savings over time.In December 2022, SafeAI raised USD 38.00 mn in Series B funding to advance its autonomous vehicle technology and expand global operations. The funds will support the deployment of its growing customer base. Future initiatives include launching new products that enhance autonomous capabilities and targeting expansion into new markets in North America, Asia-Pacific, and Europe. This strategic approach aims to enhance service offerings and meet the evolving demands of the construction and mining industries.

## Funding rounds

- Series B, Dec 14, 2022, $38M — George Kaiser Family Foundation, Moog Controls Limited, Autotech Ventures, Brick & Mortar Ventures, Energy Innovation Capital, Builders VC, Embark Ventures, McKinley Management, Vimson Group, Newlab
- Series A, Jun 22, 2021, $21M — LTC Partners, DG Ventures, Autotech Ventures, Monta Vista Capital, Brick & Mortar Ventures, Builders VC, Embark Ventures, Obayashi, Vimson Group, MACA Ltd

## Investors

- LTC Partners — Series A
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series A
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series A, Series B
- Monta Vista Capital (https://capitalatlas.ai/funds/monta-vista-capital) — Series A
- Brick & Mortar Ventures (https://capitalatlas.ai/funds/brick-mortar-ventures) — Series A, Series B
- Builders VC (https://capitalatlas.ai/funds/builders-vc) — Series A, Series B
- Embark Ventures (https://capitalatlas.ai/funds/embark-ventures) — Series A, Series B
- Obayashi — Series A
- Vimson Group — Series A, Series B
- MACA Ltd — Series A
- George Kaiser Family Foundation — Series B
- Moog Controls Limited — Series B
- Energy Innovation Capital (https://capitalatlas.ai/funds/energy-innovation-capital) — Series B
- McKinley Management (https://capitalatlas.ai/funds/mckinley-management) — Series B
- Newlab — Series B