Aussie tech company with KC HQ closes $112M round to scale its global expansion, AI innovation

September 11, 2024  |  Startland News Staff

Luke Anear, SafetyCulture; photo courtesy of SafetyCulture

As global technology company SafetyCulture closes another massive funding round, Kansas City — its largest market and biggest opportunity — stands primed for continued investment at the firm’s U.S. headquarters in the Crossroads Arts District.

SafetyCulture on Tuesday announced a $112 million round — which values the Sydney, Australia-based workforce operations company at $1.7 billion — by Airtree Ventures, alongside existing investors Blackbird and Morpheus Ventures. The capital infusion is expected to help fund industry-leading innovation for larger enterprise customers, accelerate AI adoption, and reward its long-term employees.

SafetyCulture, Crossroads Arts District, Kansas City

It also means growing the Kansas City headcount — particularly for SafetyCulture’s local go-to-market teams — over the next year, following a number of new roles already added to the KC office over the past six months.

From the archives: How this homegrown leader is steering a $2B Australian startup’s KC HQ (and 100+ workers) deeper into the Americas

“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, founder and CEO 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.”

The just-announced funding round follows the launch of SafetyCulture’s workplace operations platform in October 2023, which introduced new capabilities in training, asset management, sensors and IoT functionality. With 85,000 businesses and close to 2 million users around the world now using SafetyCulture, customers are continuing to embrace the platform and roll it out to more of their teams.

“We’ve only scratched the surface when it comes to transforming frontline work,” said Anear. “Few tech companies have our direct reach to frontline workers across so many different industries, so we have both a responsibility and a massive opportunity to create significant change for these people.”

Click here to learn more about SafetyCulture and its solutions for frontline workers.

SafetyCulture has seen record growth in sign-ups, and its average customer has doubled in size over the past two years, according to the company. It has added 100 new roles over the past six months, with more than 800 employees now working from its six offices around the world, to support its accelerating global growth and track towards its ambitious target of reaching 100 million users by 2032.

Luke Anear, SafetyCulture; photo courtesy of SafetyCulture

In 2023, SafetyCulture introduced AI-enhanced features, such as mobile-first training course creation and instant inspection template generation from prompts, images, or files. However, SafetyCulture believes there is still much more potential for AI to change the lives of frontline workers, the company said.

“We’ve built the world’s largest repository of workplace data, containing over five petabytes of data and billions of images,” said 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.”

Now is an opportune time for Airtree Ventures to join SafetyCulture at an inflection point, said Kell Reilly, partner at the Australian investment firm.

“SafetyCulture has all the hallmarks of Silicon Valley’s tech heavyweights — a compelling vision, product, scale and team,” Reilly said. “We’re excited to partner with another Aussie success story that’s making waves on the global stage.”

startland-tip-jar

TIP JAR

Did you enjoy this post? Show your support by becoming a member or buying us a coffee.

Tagged ,
Featured Business
    Featured Founder

      2024 Startups to Watch

        stats here

        Related Posts on Startland News

        Blooom to expand with $4M Series A

        By Tommy Felts | October 15, 2015

        Financial tech firm Blooom is blossoming into a local startup success story. The Leawood-based company announced Thursday that it raised $4 million in a Series A round to expand its operations. QED Investors from Alexandria, Va., led the round, which also included DST Systems Inc., Commerce Ventures, Hyde Park Venture Partners and UMB. Blooom created an online…

        Report: KC needs (a lot) more venture capital

        By Tommy Felts | October 15, 2015

        The Kansas City Area Life Sciences Institute released a report that says Kansas City needs more venture capital for its biotech industry. Just how much venture capital? That is up for debate. Wayne Carter, Life Sciences Institute CEO, said $100 million is the common amount thrown around in conversation regarding Kansas City’s need, and while…

        90 on the Clock with ShotTracker

        By Tommy Felts | October 14, 2015

        90 on the Clock with ShotTracker By John McGrath, KCPT, and Bobby Burch, Startland News Ed’s Note: Flatland and Startland News have partnered to highlight Kansas City’s innovators and entrepreneurs, all in 90 seconds. This is the third episode in the five-part series.  From propelling the game’s emergence in the early 1900s to honing hall of fame players like…

        Snafus tangle up Trellie’s future

        By Tommy Felts | October 13, 2015

        Wearable tech firm Trellie is winding down operations after some engineering and fundraising mishaps wiped out its cash reserves. Founded in 2012 by Claude Aldridge and Jason Reid, Trellie created a wireless charm that attached to the outside of a woman’s handbag to notify her of an incoming call via flashing LED lights. The product took…