, the global operations platform which empowers working teams to drive improvements in the workplace, has announced a A$2.2 billion valuation (approx. GBP 拢1.2 billion), smashing past its previous unicorn status from April 2020.
The funding led by Insight Partners, a leading global ScaleUp software investor, and joined by existing investors Tiger Global, Index Ventures and Blackbird, will support the expansion of the business as it continues to evolve from a checklist app into an operations platform for working teams. SafetyCulture currently helps 28,000 companies improve every day by streamlining the flow of critical information through their user-friendly, mobile-first platform.
鈥淲e recently surpassed 100 million completed inspections in our flagship product, iAuditor, and this new funding allows us to continue that momentum,鈥� said Luke Anear, Founder and CEO, SafetyCulture.聽 鈥淚t also allows us to invest in the development of our platform which will ensure the information captured by workers can easily be acted upon to improve quality, efficiency, and safety in the workplace.鈥�
鈥淪trategic growth investments and acquisitions will remain a key focus. Following the acquisition of online microlearning app, EdApp, last year, we鈥檙e looking at other great innovations which will transform the experience for millions of working teams around the world,鈥� Anear continued.
More from News
- Meta Promised Unmatched Privacy For Muse 鈥� So How Did Researchers Crack It So Quickly?
- Digital Avatars Are Bringing Deceased Artists Back To The Stage 鈥� Where Do We Draw The Line?
- Can Europe Solve Its Critical Minerals Problem Fast Enough To Support Its Tech Ambitions?
- Google Has Agreed To A 拢260 Million Settlement: Who’s Eligible For Compensation?
- China Wants To Build A Third Global AI Bloc 鈥� What Does That Mean For Everyone?
- Advanced AI Society Joins the Linux Foundation And Launches Open Verification Ecosystem
- What Could Snap鈥檚 Partnerships With Big Tech Mean For The AR Industry?
- Why Did A Four-Year Bomb Threat Campaign Involving 500,000 Gmail Accounts Go Unchecked?
SafetyCulture鈥檚 funding and new valuation was based on its progress in delivering value to a broader operational user base and its continued growth across a wide range of industries, including manufacturing, hospitality, retail and logistics. The company has attracted over 1.5M users to sign up to its platform in more than 85 countries.
鈥淪afetyCulture鈥檚 growth is testament to the company’s deep understanding of the challenges working teams face in distributed work environments and their ability to consistently deliver innovative solutions to help these businesses improve every day,鈥� said Teddie Wardi, Managing Director at Insight Partners. 鈥淚t has been phenomenal to see what the SafetyCulture team has achieved over the last few years. We鈥檙e thrilled to be supporting such a passionate and dedicated team deliver great solutions to the working world.鈥�
SafetyCulture鈥檚 employee base has grown 2.5 times in the last three years. It plans to continue the same hiring trajectory for the foreseeable future as it rapidly expands its global product and engineering teams.
SafetyCulture鈥檚 most recent funding follows its unicorn valuation of A$1.3 billion (approx. GBP 拢726 million) last April after securing A$60.5 million (approx. GBP 拢33.8 million) from TDM Growth Partners, alongside Blackbird Ventures, Index Ventures, former Australian prime minister Malcolm Turnbull and his wife Lucy Turnbull, and Atlassian co-founder Scott Farquhar聽(through his investment vehicle Skip Capital led by his wife Kim Jackson).
Earlier this year, SafetyCulture was recognised as one of the 鈥楤est Companies to Work For鈥� and a ‘Great Place to Work’ in the UK.
To explore current roles at SafetyCulture visit https://safetyculture.com/careers/
