Series A19 April 2022

Soter Analytics secures £9.2m Series A funding led by AV8 Ventures to fuel international expansion

The investment was led by AV8 Ventures with participation from several European funds to advance workplace safety technology.

£9.2MSeries A

Soter Analytics is a global ergonomic technology company that provides wearable solutions and artificial intelligence tools to protect industrial workers from musculoskeletal injuries. The firm helps organisations improve workplace safety and staff retention through proactive injury prevention.

Soter Analytics has secured £9.2m in a Series A funding round led by AV8 Ventures to accelerate its international expansion and product development. The investment also drew participation from OTB Ventures, btov Industrial Technologies Fund, Verve Ventures, and previous backer Startup Wise Guys. The capital will be deployed to drive growth across the United States, Europe, and the United Kingdom, alongside further research into the company's smart injury prevention technology. Soter provides ergonomic wearables and vision processing software designed to help industrial enterprises reduce manual handling injuries.

From the founder

"Today marks an important milestone for Soter Analytics and our mission to empower organisations to make their workplace safer. Our bespoke technology provides an end-to-end safety solution through AI and machine learning, and this fundraise shows that our investors and partners have recognised the strength of our product. This fresh capital will allow us to invest in research and development and work alongside organisations to help them improve workplace safety, decrease employee turnover, and enable injured workers return to work faster"

Matthew Hart

Founder and CEO at Soter Analytics

Investor perspective

"Work related MSD injuries have become a growing concern for all industries, affecting the lives of many employees and costing billions of dollars every year. Many Fortune 500 leaders highlighted the urgency for an effective safety solution. This is where Soter Analytics shines. We were impressed with how the company’s unique AI driven solution achieved significant reduction in MSD injury claims at industrial enterprises. We are excited to be supporting Soter Analytics’ strong commitment to enable a safe work environment for the invaluable industrial workforce at the world’s largest enterprises."

Baris Aksoy

General Partner, AV8 Ventures