The investment aims to accelerate product innovation, expand market reach, and scale operations to help organisations prevent serious injuries and fatalities (SIFs) in the workplace.
The round also saw participation from Four More Capital, Working Capital, and Valor Equity Partners—backers of major technology disruptors such as Tesla, Coalition, SpaceX, and Anduril—highlighting strong investor confidence in CompScience’s transformative approach to workplace safety.
CompScience enables workers to avoid preventable injuries, helps brokers strengthen client relationships and credibility, and allows businesses to turn risk management into a competitive advantage. This funding marks a new chapter in CompScience’s mission to create safer, more efficient workplaces worldwide.
Since launching in March 2023, CompScience has transformed how industries manage safety using advanced computer vision and generative AI to identify risks in real-time. Trusted by over 200 enterprise clients, the company has helped reduce workplace incidents by 35%, improve compliance with safety regulations, and drive over $30M in savings—fueling further growth and innovation.
At the core of CompScience’s offering is a visual AI platform that identifies risks and predicts incidents before they lead to claims, strengthening client relationships and enhancing workplace safety. Unlike traditional safety programs that rely on expensive equipment and manual inspections, CompScience’s technology seamlessly integrates with existing camera systems, making AI-powered risk mitigation more accessible and cost-effective for businesses.
With this latest funding, the company plans to further refine its AI capabilities, expand its global workforce, deepen insurer partnerships, and extend its reach into new industries—setting a new benchmark for proactive risk management in insurance.
Beyond improving workplace safety, CompScience empowers insurance brokers with AI-driven risk mitigation tools, allowing them to proactively address hazards, reduce claims, and lower costs. By positioning brokers as strategic advisors, the technology enhances their competitive advantage and fosters long-term client loyalty.
As workplace safety remains a top priority for businesses and insurers alike, CompScience’s AI-powered approach is poised to redefine risk assessment and prevention, driving innovation in the insurtech space.
“This funding is a testament to the value we’re delivering to organizations that are committed to protecting their workforce,” said Josh Butler, Founder and CEO of CompScience. “With this investment, we will make AI-powered safety available to millions of workers and save thousands of lives.”
Chris Eng, Principal at Sands Capital, added, “CompScience is redefining workplace safety with cutting-edge technology. We’re excited to support their mission to prevent serious injuries and fatalities across industries.”
