CompScience, a leading active commercial P&C insurance, announced the closing of its $27.6 million Series B funding round led by Sands Capital. This funding will accelerate product innovation, scale operations, and expand market reach to help more organizations prevent serious injuries and fatalities (SIFs). Other investors, including Four More Capital, Working Capital, and Valor Equity Partners, are backing CompScience’s generative AI-driven approach to risk reduction, reinforcing confidence in its broad industry impact.
CompScience’s visual AI platform reviews risks and predicts incidents before they become claims, strengthening client relationships and creating safer workplaces. And by seamlessly integrating with existing camera systems, it eliminates the need for costly equipment and physical inspections, making AI-driven safety solutions more accessible to businesses.
With this funding, CompScience will enhance its AI capabilities, expand its global team, deepen insurer partnerships, and extend its reach into new industries—setting a new workplace safety and risk mitigation standard.
Along with protecting employees and businesses, CompScience also enables brokers with AI-powered risk mitigation tools, enabling them to proactively address workplace hazards, reduce claims, and lower costs. And by strengthening their role as strategic advisors, this technology enhances their competitive edge and fosters long-term client loyalty.
Since launching in March 2023, CompScience transformed how industries manage safety using advanced computer vision and generative AI to identify risks in real-time. Utilized by over 200 enterprise clients, the company has helped reduce workplace incidents by 35%, improve compliance with safety regulations, and drive over $30 million in savings—fueling further growth and innovation.
By delivering measurable benefits across multiple stakeholders, CompScience enables workers to avoid preventable injuries and helps brokers strengthen client relationships and credibility, and enables businesses to turn risk management into a competitive advantage. This funding marks a new chapter in CompScience’s mission to create safer, more efficient workplaces worldwide.
KEY QUOTES:
“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
