SafetyCulture raises $34 million, plans to accelerate growth
Summary
Raising $34 million on a $2.7 billion valuation was less than a 2% dilution, so it made sense for us to take up the opportunity and invest the funds into the acceleration of our product roadmap.Were continuing to see strong growth, which means that we can focus on building our product and reaching new customers. I want to see that number become 100 million by 2032.Formerly known as the worlds largest checklist app, the SafetyCulture workplace operations platform has evolved to help users and businesses go beyond the realms of the safety and quality departments and be used organization-wide.In addition to the core functionalities of inspections and incident response, new features and additional offerings like business insurance and a marketplace for workplace equipment and PPE will also allow the platform to be used by a much broader cross-section of workers.A new function for asset management was recently released on the SafetyCulture platform, and it has exploded in popularity. Our focus over the next 12 months will be on releasing even more features like this which provide real value and will help us continue to reach new customers, Anear said.Explore more of what SafetyCulture has to offer: Keep your lone workers safe with SHEQSY by SafetyCultureImportant Notice The information contained in this article is general in nature and you should consider whether the information is appropriate to your specific needs. Legal and other matters referred to in this article are based on our interpretation of laws existing at the time and should not be relied on in place of professional advice. SafetyCulture disclaims all liability (except for any liability which by law cannot be excluded) for any error, inaccuracy, or omission from the information contained in this article, any site linked to this article, and any loss or damage suffered by any person directly or indirectly through relying on this information.