Intenseye – a leader in AI-powered workplace safety solutions – announced it secured $64 million in series B funding led by new investor Lightspeed Venture Partners with participation from existing investors Insight Partners, Point Nine, and Air Street Capital. And this latest funding round is the industry’s largest ever.
This follows a historic year for Intenseye, marked by the proactive detection of tens of millions of workplace hazards and global growth and expansion across six continents.
Intenseye’s enterprise-ready computer vision AI platform delivers 24/7 visibility into unsafe acts and conditions that precede work-related injuries or illnesses. And this often goes unnoticed via manual audits. Having alerted customers to over 36 million such instances in 2023 alone, the solution is purpose-built to empower environmental health and safety (EHS) teams to drive changes that enhance efficiency, streamline compliance, and ultimately help prevent workplace incidents without compromising worker privacy.
With this latest funding round, Intenseye will expand its technology ecosystem to unlock even greater value in customers’ existing infrastructure, further incorporate large language models (LLMs) and mobile support for optimizing dozens of use cases, and continue to invest in privacy innovations – including an upcoming Gen AI video anonymization feature – that reaffirm its commitments to ethical AI and to fostering psychological safety for the workers it protects.
Worldwide, millions of people are injured or die from work-related accidents and diseases every year. And unplanned downtime costs companies tens of billions of dollars annually.
Intenseye is the only computer vision AI-powered workplace safety solution provider to embed a suite of highly advanced and completely irreversible privacy measures into its products as standard. And unlike other vendor offerings, Intenseye’s solution guarantees the anonymity of the worker, stripping personally identifiable information from all video captured.
The company’s series B funding round represents the largest ever investment in AI-powered workplace safety innovations, bringing Intenseye’s total funding to over $90 million and solidifying its status as the best-funded company in the space. And more specifically last year the company grew its global footprint by 125%. Plus, Intenseye ramped up its NYC-based go-to-market executive team with key hires in 2023, including Matt Marshall as VP of sales, Sean Snyder as head of partnerships, Steve Iannucci as head of finance, and Chelsea Haynes as head of marketing.
KEY QUOTES:
“The scope, scale, and costs of workplace incidents are escalating rapidly, underscoring the critical need for AI-driven solutions that help pinpoint and mitigate hazards while aligning to the highest standards of accuracy, privacy, and enterprise readiness. Intenseye isn’t just a ‘nice to have’— we’re proud to be at the forefront of a long-overdue transformation that is empowering EHS leaders to more effectively and efficiently protect their frontline teams. We’re honored that dozens of Fortune 500 innovators rely on Intenseye to transform workplace safety across their facilities.”
“Our commitment to the ethical AI principle of privacy-by-design sets us apart, helping shield workers’ psychological safety while providing unparalleled protection for their physical safety.”
- Sercan Esen, Intenseye CEO
“Through ongoing dedication to process enhancements and embracing cutting-edge technologies, we steadfastly uphold our commitment to providing safe and healthy work environments. Intenseye is a key ally in advancing these endeavors. By equipping us with real-time insight into leading indicators, the platform helps us drive proactive improvements that mitigate risks facing our frontline teams.”
- Miguel Ángel Aguilera Rodríguez, Digital & Technology Supply Chain Manager at HEINEKEN Mexico
“We at Lightspeed have been deeply impressed with Sercan’s and Serhat’s (Serhat Cillidag, co-founder and CTO) unique insights as they drive industry transformation with the power of AI and computer vision. Intenseye has quickly become a de facto ‘must have’ for health and safety leaders who depend on their platform on a daily basis – including some of the world’s leading brands. The company’s core AI platform addresses a fundamental pain point across a wide range of industries – we’re so excited to partner with them and support their mission to transform workplace safety.”
- Alex Kayyal, Partner at Lightspeed
“Intenseye is an exemplary AI-first company. The team seized on a real-world problem that costs businesses hundreds of billions of dollars but is hiding in plain sight. By building on top of existing but under-utilized camera investments, Intenseye adds 24/7 safety intelligence that drives measurable change in the service of workforces worldwide. We’re proud to have supported Sercan and his team from day one of their journey.”
- Nathan Benaich, partner at Air Street Capital
