Who is SafetyCulture, the tech unicorn to reach £1.2bn in valuation?

, Business, Who is SafetyCulture, the tech unicorn to reach £1.2bn in valuation?

Workplace technology unicorn, SafetyCulture, has reached a valuation of £1.2bn. Top Business Tech takes a closer look.

SafetyCulture, owner of the world’s largest workplace safety checklist app – iAuditor – has announced that it has reached a £1.2bn valuation following its latest fundraising round. This funding round was led by global scaleup software investment company Insight Partners, and joined by existing investors Tiger Global, Index Ventures and Blackbird. The funding will assist in expanding SafetyCulture into an operations platform for working teams.

What does SafetyCulture do?

Currently, SafetyCulture’s key product is iAuditor, a mobile-first platform that allows companies to track safety procedures with employees via a simple checklist within an integrated system, making it easy for employees to escalate any issues. Over 1.5mn users use the app from over 28,000 companies and powers over 600mn checks per year. The latest funding will enable the unicorn to upgrade from a checklist app into an operations platform. SafetyCulture obtained this whopping valuation based on its current delivery, which covers several industries, including manufacturing, hospitality, retail and logistics. It has now had over 1.5mn users sign up to its platform across 85 countries.

 “We recently surpassed 100 million completed inspections in our flagship product, iAuditor, and this new funding allows us to continue that momentum,” said Luke Anear, founder and CEO, SafetyCulture.  “It also allows us to invest in the development of our platform which will ensure the information captured by workers can easily be acted upon to improve quality, efficiency, and safety in the workplace.”

“Strategic growth investments and acquisitions will remain a key focus. Following the acquisition of online microlearning app, EdApp, last year, we’re looking at other great innovations which will transform the experience for millions of working teams around the world,” Anear continued.


Leading by example: employee satisfaction

“SafetyCulture’s growth is testament to the company’s deep understanding of the challenges working teams face in distributed work environments and their ability to consistently deliver innovative solutions to help these businesses improve every day,” said Teddie Wardi, Managing Director at Insight Partners. 

In the last three years, SafetyCulture has more than doubled its number of employees, a growth that shows no sign of slowing down in light of the latest funding valuation. SafetyCulture has also recognised as one of the ‘Best Companies to Work For and a ‘Great Place to Work’ in the UK.

“It has been phenomenal to see what the SafetyCulture team has achieved over the last few years. We’re thrilled to be supporting such a passionate and dedicated team deliver great solutions to the working world,” he added.

For more news from Top Business Tech, don’t forget to subscribe to our daily bulletin!

Follow us on LinkedIn and Twitter

, Business, Who is SafetyCulture, the tech unicorn to reach £1.2bn in valuation?

Amber Donovan-Stevens

Amber is a Content Editor at Top Business Tech

Personalization is the beating heart of successful hybrid cloud

Amber Donovan-Stevens • 27th November 2021

In the post-millennial era of real world cloud deployment, the modern digitally distributed nature of businesses requires a range of infrastructure options to allow each customer to leverage a mix of cloud technologies to best suit their unique needs while optimizing the associated costs. How can we enable this kind of flexibility in the face...

The Best Ten Rated Cloud Security Management Options For Business

Erin Laurenson • 24th November 2021

Cloud Security programs that can carry out safety procedures and address or flag potential high-risk elements are now critical, allowing businesses to function normally without fearing a potential breach. To help you find the best Cloud management and security system for your business, we’ve done the research and found the top systems presently available on...

How the cloud can drive organizational sustainability goals

Amber Donovan-Stevens • 24th October 2021

Mark Hughes, RVP of UK & Ireland, Epicor, explores cloud computing’s implications for organisational sustainability practices and introduces the key findings of Epicor’s survey of technology decision-makers in the US and the UK.xplains how cloud technology can spearhead an organizations sustainability initiatives.