MākuSafe Featured in Carrier Management
February 14, 2019
EMC Insurance Invests in MākuSafe, a SaaS Startup That Can Help Spot Workplace Risks
February 14, 2019
“MākuSafe,” a Software as a Service (SaaS), data and analytics startup, has raised a seed financing round of nearly $3 million. The company bills its technology as a way to help identify workplace risk, and workers compensation insurer EMC Insurance Companies is one of its investors.
Beyond EMC, Next Level Ventures and The Best of the Midwest are also part of the company’s new funding round. To date, MākuSafe has pulled in nearly $4.5 million, and it plans to use this latest cash infusion to hire key personnel and to scale the manufacturing of its proprietary technology.
MākuSafe describes its tech as “a sophisticated system for gathering real-time environmental and human motion data to identify workplace risk.” That includes a cloud platform that uses machine learning to process millions of data points gathered by wearable armband devices invented by MākuSafe.
With the data gathered from the wearable devices, MākuSafe said its customers can gain deeper insights into their workforce and operations, resulting in mitigating workplace risks and reducing workers compensation claims.
MākuSafe CEO and co-founder Gabriel Glynn said the startup has been testing the technology in facilities around central Iowa and using those results to fine-tune its product.
This past fall, MākuSafe was selected to pitch at The Best of the Midwest, an angel capital event that took place in Des Moines. Accredited investors from around the Midwest pooled money together and collectively picked which participating startups would receive investment.
MākuSafe was formed by a powerful team of software, hardware and data engineers in an effort to prove that workplaces around the globe can be made safer by gathering environmental data around workers WHILE they work. Using analytics and machine learning technology we can turn that data into predictors so that accidents can be stopped before they happen.