Sands Capital Leads Round to Accelerate Risk Prevention, Insurance Innovation, and Market Expansion.
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.
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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."
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Chris Eng, Principal at Sands Capital, added, "CompScience is redefining workplace safety with cutting-edge technology. We're excited to support their mission to prevent serious injuries and fatalities across industries."
Since launching in
March 2023, CompScience has transformed how industries manage safety using advanced computer vision and generative AI to identify risks in real-time. Trusted by over 200 enterprise clients, the company has helped reduce workplace incidents by 35%, improve compliance with safety regulations, and drive over
$30M in savings—fueling further growth and innovation.
By delivering measurable benefits across multiple stakeholders, CompScience enables workers to avoid preventable injuries, helps brokers strengthen client relationships and credibility, and allows 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.
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Source: PR Newswire
