Scaleup unicorn SafetyCulture has acquired local worker safety startup SHEQSY for $6 million.
The smartphone-based app is a lone worker safety solution designed for remote situations, offering real-time safety monitoring including duress situations.
For managers it offers a visual dashboard of staff locations with activity countdown timers and generates real-time alerts when an employee overstays at a job or misses a check-in, just in case they may be injured and need help.
Its clients include Melbourne Water, Ericsson and Auckland Airport.
SHEQSY was founded in 2017 by CEO Hays Bailey, the former head of sports at betting company William Hill. He was also a former sales manager at the navigation tech venture Navman.
SafetyCulture had already invested in SHEQSY during its seed round and the acquisition adds to SafetyCulture’s $40 million acquisition of online training business EdApp in 2020, another company the business had previously invested in.
The tech giant also recently led an $8 million Series A into AI-based video analytics platforms Unleash Live.
The SHEQSY deal will consolidate SafetyCulture’s position as the marketplace leader in workplace safety.
The acquisition comes 11 months after US-based venture capital firm Insight Partners led a $95 million investment into SafetyCulture in May 2021 that nearly doubled the value of the scaleup to A$2.1 billion.
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