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Stockholm-based Buddywise, a platform that goals to rework office security with AI, introduced that it has secured €3.5M in a seed spherical of funding.
The funding was co-led by Kvanted, an industrial tech fund from Helsinki, and J12, an AI specialist fund.
Present traders Aligned and Antler additionally participated, together with angel traders like Hans Stråberg (Chair at Atlas Copco and SKF), Hans-Olov Blom (founding father of Ramudden International) and Eric Quidenus-Wahlforss (founding father of Soundcloud).
Maria Wasastjerna, Founding Companion at Kvanted, says, “Office security is essential within the industrial sector, and so far, it’s an space nonetheless lagging on the subject of digital transformation. Buddywise is a pioneer in altering this and that’s the very purpose we selected to help them.”
“Buddywise’s distinctive answer, constructed on laptop imaginative and prescient fashions, identifies and studies dangers, and might forestall deadly accidents on the manufacturing unit flooring. The expertise brings security within the industrial sector into the digital age.”
“We’re tremendous excited to hitch Lamin, Yigit, and the crew of their journey in the direction of a zero-injury imaginative and prescient.”
Creating safer workplaces
Based in 2020 by Lamin Faye and Yigit Arin, Buddywise goals to guide the cost in reworking office security. Leveraging AI and laptop imaginative and prescient, the platform permits real-time danger detection and prevention of fatalities.
With steady knowledge assortment, it furnishes security leaders with insights for proactive mitigation of accidents and guaranteeing frontline groups at industrial websites are effectively protected.
Industrial shoppers can combine their digital camera techniques with the platform, enabling proactive hazard mitigation.
Emmet King, Companion at J12, says, “Current developments associated to laptop imaginative and prescient fashions have seen nice enhancements in picture classification and object detection, whereas additionally enabling environment friendly studying from restricted info and extra dependable efficiency throughout various real-world situations.”
“This has positioned the expertise to be the first instrument in combating the intense situation of office security and to interchange the established order of reporting apps, inspections, and sensors.”
“Buddywise has constructed a number one answer and we’ve been totally impressed by the way in which Lamin, Yigit, and the remainder of the crew are working in the direction of a zero harm imaginative and prescient.”
Capital utilisation
Buddywise plans to utilise the brand new funds to reinforce recruitment efforts for high business and tech expertise, develop its worldwide buyer base within the industrial sector, and kickstart business enlargement throughout Europe.
Presently operational in Sweden, Finland, Latvia, and Poland, Buddywise’s answer is already deployed throughout varied industries together with infrastructure, manufacturing, and pulp and paper.
Lamin Faye, Buddywise co-founder, says, “Everyone ought to be capable of return dwelling unhurt after a day’s work, so we will’t settle for the established order. Each accident might be prevented and with Buddywise Operational and Security leaders can lastly get the real-time knowledge they want to take action.”
“The brand new funding signifies that we will carry extra prospects in the direction of their zero harm imaginative and prescient and we are going to make investments closely into our capability to allow studying and motion primarily based on our data-driven insights.”
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