CompScience raises $27.6 million

CompScience, a provider of safety solutions and workers’ comp insurance, announced the successful close of its $27.6 million Series B funding round led by Sands Capital, with participation from Four More Capital, Working Capital, and Valor Equity Partners.

Founded in 2019 as Kinetic Eye, the company offers video analytics to help improve worksite safety. In 2023, CompScience Insurance Services announced a managing general agent agreement with Nationwide and Swiss Re to underwrite, bind and service workers’ comp policies.

“This funding is a testament to the value we’re delivering to organizations that are committed to protecting their workforce. With this investment, we will make AI-powered safety available to millions of workers and save thousands of lives.” – Josh Butler, Founder and CEO of CompScience.

“CompScience is redefining workplace safety with cutting-edge technology. We’re excited to support their mission to prevent serious injuries and fatalities across industries.” – Chris Eng, Principal at Sands Capital.