Tech Company Financing Transactions
SafeAI Funding Round
SafeAI, based in Milpitas, secured $21 million from BuildersVC, Autotech Ventures and Brick & Mortar Ventures.
Transaction Overview
Company Name
Announced On
6/25/2021
Transaction Type
Venture Equity
Amount
$21,000,000
Round
Series A
Investors
BuildersVC (Lead Investor) (Mark Blackwell)
Proceeds Purpose
The new capital will be used to advance the company's interoperable autonomous technology through accelerated research and development, and fuel global expansion to meet rising demand for autonomous heavy equipment.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
1900 McCarthy Blvd.
Milpitas, CA 95035
USA
Milpitas, CA 95035
USA
Phone
Undisclosed
Website
Email Address
Overview
SafeAI is creating the future of autonomous heavy equipment. We are taking the traditional mining and construction site models and revolutionizing them, making them intelligent and autonomous. With SafeAI technology, all parts of a worksite will be interconnected and optimized, accelerating the time to completion.
Management Team
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We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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