Safehub Secures USD 5 Million in Seed Investment Round

By StartUp City | Tuesday, July 28, 2020

Safehub's low cost, easy-to-install sensors measure earthquake ground motion and building response, and changes in building natural frequencies.

Fremont, CA: Global platform delivering real-time, building-specific earthquake damage information, Safehub, raised USD 5 million in a seed funding round co-led by Fusion Fund and Ubiquity Ventures. The round was also participated by Bolt, Promus Ventures, Blackhorn Ventures, Maschmeyer Group Ventures, and Team Builder Ventures. The company's proceeds from the investment round will be used to accelerate deployment to Fortune 500 companies seeking to strengthen their business continuity and resilience efforts.

"Our vision is a safer and more resilient world," said Andy Thompson, CEO of Safehub. "In the event of a natural disaster, organizations need timely and detailed information to get ahead of potential downtime and business interruption losses. With our platform, business continuity and emergency response professionals can understand the extent of the problem remotely, and prioritize damage assessments with building-specific data. With our new investors, we gain the right strategic partners to scale the impact of our technology and improve the resilience of more organizations."

The company employs a combination of sensors, analytics, and third-party data to provide real-time, building-specific earthquake damage information. Safehub's low cost, easy-to-install sensors measure earthquake ground motion and building response, and changes in building natural frequencies. All the info combined is used to estimate the damage to the building and related business interruption losses. In the event of an earthquake, the Safehub platform sends actionable damage alerts and financial loss estimates via text messages, email alerts, and a web dashboard, all within minutes post-event.

"We work with forward-thinking companies who have both a technical and data advantage in their business model," said Lu Zhang, founder and managing partner, Fusion Fund. "The Safehub platform enables corporate resilience and business continuity professionals, who historically have relied on generic data from publicly available sources, to harness the power of Safehub's sensor data in real-time to assess damages and reduce business interruption losses. This combined sensor and software solution has the potential to help organizations both identify and prioritize resources during disaster response operations."

Safehub provides organizations with real-time, building-specific earthquake damage information to expedite emergency response and recovery. Through its cloud-based Safehub platform, business continuity and resilience managers prioritize building assessments and resources while resuming operations as quickly as possible.

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