CompScience, an AI-driven InsurTech focused on workplace safety, has secured $27.6m in a Series B funding round led by Sands Capital.
The investment will accelerate product innovation, expand operations, and enhance risk prevention technology to help organisations reduce workplace injuries and fatalities.
Other investors participating in the round include Four More Capital, Working Capital, and Valor Equity Partners, which have previously backed high-profile companies such as Tesla, Coalition, SpaceX, and Anduril.
CompScience leverages visual AI technology to detect workplace hazards and predict incidents before they result in claims. By integrating with existing camera systems, the platform eliminates the need for costly additional equipment and manual inspections, making AI-powered safety solutions more accessible to businesses.
The newly raised capital will support the enhancement of CompScience’s AI capabilities, the expansion of its global team, and the strengthening of partnerships with insurers. The company also plans to extend its services to new industries, setting a new benchmark for risk prevention in the workplace.
Beyond its core focus on workplace safety, CompScience provides brokers with AI-driven risk mitigation tools, helping them proactively address hazards, reduce claims, and lower costs. This approach strengthens their role as strategic advisors and fosters long-term client relationships.
Josh Butler, founder and CEO of CompScience, said, “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.”
Chris Eng, principal at Sands Capital, added, “CompScience is redefining workplace safety with cutting-edge technology. We’re excited to support their mission to prevent serious injuries and fatalities across industries.”
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