CompScience Secures $27.6M to Enhance AI-Driven Workplace Safety

CompScience has secured $27.6 million in a Series B funding round led by Sands Capital, announced in a press release. This investment aims to accelerate product innovation, scale operations, and expand market reach to help organizations prevent serious injuries and fatalities.

The company's visual AI platform identifies risks and predicts incidents before they become claims, integrating seamlessly with existing camera systems to eliminate the need for costly equipment and physical inspections. This makes AI-driven safety solutions more accessible to businesses.

With the new funding, CompScience plans to enhance its AI capabilities, expand its global team, deepen insurer partnerships, and extend its reach into new industries. Since its launch in March 2023, the company has helped over 200 enterprise clients reduce workplace incidents by 35%, improve compliance with safety regulations, and achieve over $30 million in savings.

CompScience's technology also empowers brokers with AI-powered risk mitigation tools, enabling them to proactively address workplace hazards, reduce claims, and lower costs, thereby strengthening their role as strategic advisors and fostering long-term client loyalty.