SafetyCulture worth £1.3bn after £85m funding round

Mobile-first operations platform SafetyCulture has secured £85 million in funding.

The business, which launched a workplace operations platform in October 2023, said that the investment would help fuel its global expansion and “accelerate AI adoption”.

The company, which is currently serving 85,000 businesses around the world, said that last year’s platform launch included the introduction of new capabilities across training, asset management, sensors, and IoT functionality.

The funding round, which puts SafetyCulture at a value of £1.3 billion, was led by Airtree Ventures.

The company currently serves over 25,000 organisations in the UK, including the NHS, National Grid, British Airways, and Transport for London.

“We have now closed this round and are excited about the opportunities it creates for us to accelerate our growth and help even more customers,” said Luke Anear, chief executive and founder of SafetyCulture. “It’s a tough environment to be raising in, but we’re proud of the results the business is delivering and pleased that we can continue to create regular liquidity events for early investors and long-term employees.”

Last year the business also introduced AI-enhanced features, such as mobile-first training course creation and instant inspection template generation from prompts, images, or files.

But the company says there is “much more potential” for AI to help frontline workers.

“We’ve built the world’s largest repository of workplace data, containing over five petabytes of data and billions of images,” continued Anear. “AI is the way we can make sense of that information, and if we can harness it properly, we’ll effectively be able to give frontline teams superpowers that will completely change the way they work.”