SafetyCulture closed $85M funding round

SafetyCulture secured $AU165 million in a funding round led by Airtree Ventures. Existing investors Blackbird and Morpheus Ventures participated, alongside Australian superannuation funds Hostplus and HESTA, who invested via Blackbird. This funding round valued the company at $AU2.5 billion.

The company intends to use the capital to accelerate its growth, particularly in larger enterprise markets, and to further develop its AI-powered workplace operations platform. SafetyCulture's platform is designed to help businesses manage safety, quality, and operational checks, with features for inspections, training, asset management, and IoT functionality. The company aims to enhance how frontline teams interact with data to improve workplace safety and productivity, with a long-term goal of reaching 100 million users.