Safeguard Raises $8 Million For Ai Safety Solution That Automates Decision-Making In Hazardous Trades

SafeGuard, an international Safety-Tech company, focused on the construction industry, that uses machine learning to predict and prevent accidents in construction sites, today announced an $8 million Series A funding round led by hi-tech investors Ron Zuckerman and Hillel Kobrinsky. An additional cadre of real estate investors, including Ronen Peled, Yehuda Rachamim, Zemach Hammerman and Wall Street investor Jeffrey Schoenfeld, are also participating in the round. SafeGuard is also announcing the creation of Otoos, a daughter company that will focus exclusively on the construction industry in the US. Last, SafeGuard will be expanding the use of its end-to-end decision-making solution beyond construction to cover compliance, safety, and everything in between to other industries in dire need of better safety technology.