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

September 11, 2024  |  Startland News Staff

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.”

Tagged ,
Featured Business
    Featured Founder
      [adinserter block="4"]

      2024 Startups to Watch

        stats here

        Related Posts on Startland News

        FitBark wags its way into nationwide retailer

        By Tommy Felts | May 29, 2015

          Animal tech company FitBark is now selling its dog activity-tracking device in Target stores nationwide. The deal will place its product in front of millions of consumers each year at Target’s nearly 1,800 U.S. locations. FitBark’s animal tracking device will be featured among Target’s new “Connected-Life” section, which features other Internet-enabled products such as wireless…

        Kansas City startup ‘walks the talk,’ bungee jumps

        By Tommy Felts | May 29, 2015

        Sara Davidson doesn’t lightly espouse a message of fearlessness in business. And that’s why Davidson, the founder of Hello Fearless, is live broadcasting her jump off a cable car in Switzerland. Davidson is hoping to inspire other women around the world to conquer their fears not only with a live-streamed bungee jump — out of a…

        Think accounting: 3 ways to drive your accountant insane

        By Tommy Felts | May 28, 2015

        In this Think column, Emerging Business CFO founder Dan Schmidt shares three ways to drive him, and other accountants, crazy. The Think column helps entrepreneurs to stop and think about the various aspects of starting and running a business. Accountant and finance professionals are generally known to be level-headed clear thinkers, able to ride the crests of emotion…

        Kansas City seeks leaders for Smart City board

        By Tommy Felts | May 28, 2015

        The City of Kansas City, Mo., is now seeking nominations to lead the city’s smart city efforts. City leaders hope to attract citizens with experience in smart city technologies to help advise the City of Fountain’s coming Cisco Smart City project, in addition to its other smart city efforts. The newly authorized “Smart City Advisory…