Smartvid.io provides an AI-powered Safety Suite for the construction industry that combines human and artificial intelligence to improve safety, quality and productivity. Its Safety Suite includes monitoring, observations and predictive analytics modules that aggregate data from multiple sources to trend and predict risk. The solution integrates with Autodesk BIM360, Procore, Oracle Aconex, SharePoint, Egnyte, Box and other data sources. Over the past 12 months the platform has been used by construction companies including Suffolk Construction, Warfel Construction and Barton Malow, and its data has been used industry-wide to analyze COVID-19 responses by region. The company plans to use the new funding to continue to expand operations and business reach and has raised $21M in total to date. Smartvid.io offers photo and video management software for construction sites and other industrial settings. Its platform uses machine learning and deep learning algorithms to analyze imagery, apply smart tags for categorization, and detect hazards such as missing hardhats or inappropriate safety equipment. The product also supports video and voice annotation to track progress and document site conditions. According to the article, Smartvid.io currently has around 10 customers, including Suffolk Construction and Skanska. The company raised $7 million in a Series A to continue improving its photo and video management software. The software is positioned to help companies make their processes safer and more efficient by surfacing safety risks from visual data.

Total raised

$12M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2020