Guardhat Raises Series B and Names Bob Mylod to Board of Directors

Jan 05, 2021•over 4 years ago

Round Type

series b

Detroit

Description

Guardhat, the industry leader and pioneer in Internet of Things (IoT) safety technology for the global industrial workforce, today announced an undisclosed Series B round led jointly by General Catalyst, Durable Capital Partners LP and Annox Capital. The round brings Guardhat's total funding north of $40 million since inception. Caterpillar, Sallyport Investments, LLC, and Barton Malow also participated in the round, joining existing investors Mesh Ventures, Detroit Venture Partners, 3M Ventures and RTP Ventures, among others.

Company Information

Company

Guardhat:

Location

Detroit, Michigan, United States

About

Detroit-based Guardhat is a leading Industrial IoT technology company specialized in developing wearables, infrastructure and software platforms to provide a safer and more productive work environment for frontline industrial workers in heavy manufacturing industries. Founded in October 2014 by industry veterans and former steel & mining CEO Saikat Dey, Guardhat's mission is to modernize safety and enhance last mile connectivity in the industrial workplace. By combining cutting-edge, wearable technology with advanced proprietary software, Guardhat is able to proactively monitor a user's location, health and work environment. The software platform collects and analyzes on-the-job data which is used to enhance industrial worker safety and productivity programs. Based out of its headquarters in Detroit, Michigan, Guardhat operates globally with offices in Boulder, Colorado; Chicago, Illinois; Bangalore, India; and Paris, France. Guardhat holds 8 patents across areas of Connected Worker, Real Time Location Systems and Wearable Solutions. For more information, visit www.guardhat.com.