# Safetics

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.safetics.io
- Total disclosed funding: $1.5M
- Latest round: Series A (Aug 6, 2024)
- Investors on record: 4

## About

Based in South Korea, Safetics Inc. develops safety intelligence technology that enables safe and efficient operation of collaborative robots. Their software enhances productivity while prioritizing worker safety in various industrial settings.Safetics Inc. was founded in 2020 in Seoul, South Korea, focusing on safety intelligence solutions for collaborative robots. The company, led by CEO Guillaume de Corbiac, has engaged in 4 deals, with the latest being a Series A funding round on August 6, 2024, raising KRW 2 billion from Honest Ventures and JB Investment, bringing their total raised amount to KRW 2 billion.Safetics specializes in safety intelligence technology designed to enable the safe and efficient operation of collaborative robots in environments where humans and machines interact closely. The core offering includes a software platform that facilitates real-time risk assessment and collision simulation to ensure safe robot functionality without the need for physical barriers or sensors. Safetics' technology allows robots to operate at their maximum safe speeds, enhancing productivity while prioritizing worker safety. The end-use cases primarily target manufacturing and logistics sectors, where robots are deployed to work alongside human operators. Safetics serves a diverse client base across various geographical markets, including North America, Europe, and Asia, focusing on applications where human-robot collaboration is essential.Revenue generation for Safetics is structured around a subscription model for its safety intelligence technology platform. Clients, primarily businesses in industrial sectors, subscribe to the service to access features such as automated risk assessment report generation and collision risk simulations. The transaction structure is based on annual or monthly subscriptions, which allows continuous access to software updates and customer support. Safetics' flagship offerings provide comprehensive safety solutions that enable organizations to integrate robotics into their workflows efficiently. The pricing plans are tiered, catering to different operational scales, ensuring that clients can select a package that best fits their specific needs and usage requirements.In August 2024, Safetics Inc. raised KRW 2 billion in Series A funding, which will be utilized to fortify its collaborative robot safety technology and expand its customer base in both domestic and global markets. The company plans to launch new product features aimed at enhancing safety technology during the next quarter and is targeting an expansion into the North American and European markets by the end of 2025.

## Funding rounds

- Series A, Aug 6, 2024, $1.5M — JB Investment, Honest Ventures
- Seed, Mar 1, 2021 — Mashup Ventures, Korea Tech Incubator for Startup

## Investors

- Mashup Ventures (https://capitalatlas.ai/funds/mashup-ventures) — Seed
- Korea Tech Incubator for Startup — Seed
- JB Investment (https://capitalatlas.ai/funds/jb-investment) — Series A
- Honest Ventures (https://capitalatlas.ai/funds/honest-ventures) — Series A