CompScience, the leading active commercial P&C insurance, announced the successful close of its $27.6M Series B funding round, led by Sands Capital. This investment 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—investors in companies such as Tesla, Coalition, SpaceX, and Anduril—are backing CompScience’s generative AI-driven approach to risk reduction, reinforcing confidence in its broad industry impact.
CompScience’s visual AI platform identifies risks and predicts incidents before they become claims, strengthening client relationships and creating safer workplaces. 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 investment, CompScience will enhance its AI capabilities, expand its global team, deepen insurer partnerships, and extend its reach into new industries—setting a new standard for workplace safety and risk mitigation.
Also Read: Axiom Introduces DraftPilot: AI-Powered Contract Review Tool
Beyond protecting employees and businesses, CompScience also empowers brokers with AI-powered risk mitigation tools, enabling them to proactively address workplace hazards, reduce claims, and lower costs. By strengthening their role as strategic advisors, this technology enhances their competitive edge and fosters long-term client loyalty.
“This funding is a testament to the value we’re delivering to organizations that are committed to protecting their workforce,” said Josh Butler, Founder and CEO of CompScience. “With this investment, we will make AI-powered safety available to millions of workers and save thousands of lives.”
SOURCE: PRNewswire
