Connected Safety Net: Company Profile

Background

Overview

Connected Safety Net is a UK-based company founded in 2019, specializing in digital solutions for workplace safety, compliance, and training. Their flagship product is a modular, no-code Software as a Service (SaaS) platform designed to digitize and automate complex safety and compliance processes across various industries. The platform is accessible via mobile, tablet, and desktop, both online and offline.

Mission and Vision

The company's mission is to make the world a safer place by recording, analyzing, and preventing incidents. They aim to empower organizations to transition from reactive to proactive safety management through innovative digital solutions.

Primary Area of Focus

Connected Safety Net focuses on providing digital safety solutions that replace traditional paper forms and accident books, enhancing data accuracy and accessibility while streamlining auditing and workplace safety processes.

Industry Significance

In an era where workplace safety and compliance are paramount, Connected Safety Net offers a comprehensive platform that addresses these needs, contributing to safer work environments and more efficient operational processes.

Key Strategic Focus

Core Objectives

Digitization of Safety Processes: Transform traditional safety management through digital workflows.

Proactive Safety Culture: Utilize real-time data and AI to anticipate and prevent incidents.

Comprehensive Compliance: Ensure adherence to industry standards and regulations.

Specific Areas of Specialization

Incident Reporting: Real-time logging of incidents and near-misses.

Audits and Inspections: Customizable digital forms for various compliance checks.

Training and Development: Integrated e-training solutions and online coaching.

Environmental Management: Tools for monitoring and reducing environmental impact.

Key Technologies Utilized

AI-Powered Risk Assessment: Predictive analytics to identify potential risks.

Offline Capability: Ensures functionality in low or no-connectivity environments.

Seamless Integrations: Compatibility with tools like Power BI and SharePoint.

Primary Markets Targeted

The platform serves a diverse range of industries, including construction, manufacturing, logistics, energy, hospitality, and retail, aiming to enhance safety and compliance across various sectors.

Financials and Funding

Funding History

Connected Safety Net has raised a total of $2.62 million across two funding rounds. The most recent was an angel round of $2.44 million completed in November 2023.

Notable Investors

Investors include Andy Bell and Fergus Lyons.

Utilization of Capital

The funds are intended to support strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Pipeline Development

Key Pipeline Candidates

The company is continually enhancing its platform with new modules and features, including AI-driven risk assessment tools and advanced environmental monitoring capabilities.

Stages of Development

Ongoing development with regular updates to existing modules and the introduction of new features to meet evolving industry needs.

Target Conditions

The platform addresses a wide range of workplace safety and compliance challenges across various industries.

Anticipated Milestones

The company aims to achieve further market penetration and expand its customer base in the coming years.

Technological Platform and Innovation

Proprietary Technologies

AI-Powered Risk Assessment: Utilizes advanced algorithms to predict and mitigate potential risks.

Offline Capability: Ensures continuous functionality in areas with limited connectivity.

Customizable Digital Forms: Allows organizations to tailor forms to their specific needs without coding.

Significant Scientific Methods

Predictive Analytics: Analyzes historical data to forecast potential incidents.

Real-Time Data Capture: Enables immediate reporting and analysis of incidents and hazards.

Leadership Team

Key Executives

Paul Richardson: Group Managing Director, leading the company's strategic direction and growth initiatives.

Bilal Mehmood: Co-founder, contributing to the development and implementation of the platform's technological aspects.

Ross Bullerwell MA MSc FIHE: Co-founder, focusing on operational efficiency and customer engagement.

Elia Akl: Co-founder, overseeing product development and innovation strategies.

Competitor Profile

Market Insights and Dynamics

The workplace safety and compliance software market is experiencing significant growth, driven by increasing regulatory requirements and the need for efficient safety management solutions.

Competitor Analysis

Riskcovry: Offers insurance policy and claim management solutions for the insurance industry.

eBaoTech: Provides cloud-based insurance software suites developed for insurers and partners.

ReSource Pro: Specializes in insurance policy and claim management solutions.

Strategic Collaborations and Partnerships

The company has formed strategic partnerships with organizations like Kiely Bros and RJ Dance to enhance its platform's capabilities and expand its market reach.

Operational Insights

Connected Safety Net differentiates itself through its comprehensive, customizable platform that integrates various safety and compliance functions, offering a unified solution for organizations.

Strategic Opportunities and Future Directions

The company plans to continue expanding its product offerings, enhance AI capabilities, and explore new markets to solidify its position as a leader in workplace safety and compliance solutions.