Buddywise is a technology company.
Buddywise has raised $4.1M across 2 funding rounds.
Buddywise has raised $4.1M in total across 2 funding rounds.
Buddywise is a Stockholm-based technology company founded in 2020 that builds the world's first fully automated safety monitoring platform using AI, computer vision, and machine learning to prevent workplace injuries and fatalities in heavy industry.[1][2][3] It serves deskless workers in sectors like manufacturing, infrastructure, pulp and paper, and energy by analyzing existing CCTV footage in real-time to detect risks such as trips, slips, driving collisions, and entry into danger zones, enabling proactive safety decisions without requiring personal devices.[1][2][4][5] The platform has gained traction across Sweden, Finland, Latvia, and Poland, supported by €1.2M in pre-seed and €3.5M in seed funding from investors like Kvanted, J12, Aligned, and Antler, fueling expansion in Europe.[3][4]
Buddywise was co-founded in 2020 by Lamin Faye (CEO) and Yigit Arin (CTO), seasoned tech professionals with expertise in safety and computer science.[1][3] Lamin, previously VP of Safety and Director of Digitalization at Vattenfall—a Swedish energy giant—studied computer vision at Singularity University in 2018, where breakthroughs in deep learning inspired him to apply the technology to automate workplace safety monitoring, moving beyond outdated paper-based methods.[1] Sharing a passion for innovation, the duo launched Buddywise to create data-driven safety improvements for heavy industry, starting with a pre-seed round of €1.2M and achieving early adoption at industrial sites.[1][4] The team's focus remains on scaling this vision to deliver real-world impact, as evidenced by testimonials from employees and customers highlighting its life-saving potential.[1][6]
Buddywise rides the wave of AI-driven digital transformation in industrial safety, a sector lagging in tech adoption despite high stakes—pioneering computer vision to disrupt manual, paper-based practices with automated, proactive monitoring.[1][4] Timing aligns with rising demand for EHS (environmental health and safety) solutions amid labor shortages and regulatory pressures in heavy industry, positioning it against competitors like Intenseye and Strosa by emphasizing deskless worker support and European expansion.[2][4] Market forces like advancing deep learning and existing camera infrastructure favor its model, enabling broad scalability; it influences the ecosystem by setting a zero-injury standard, inspiring data-centric safety across manufacturing and beyond.[1][4]
Buddywise is poised for aggressive growth post-€3.5M seed, targeting deeper European penetration and potential global reach in underserved industrial markets, with plans to refine AI models for even broader risk coverage.[4] Trends like generative AI video analytics and edge computing will amplify its edge, while partnerships could accelerate adoption amid tightening safety regulations.[2][4] Its influence may evolve from niche innovator to category leader, humanizing tech's role in saving lives—echoing the founders' vision of safer workplaces everywhere.[1]
Buddywise has raised $4.1M in total across 2 funding rounds.
Buddywise's investors include 75 & Sunny, Boosted Commerce, J12 Ventures, Left Lane Capital, Not Boring Capital, Speedinvest, Team Global, Tet Ventures, Dennis Yang, Douglas Stark, Elias Aalto, Fredrik Hjelm.
Buddywise has raised $4.1M across 2 funding rounds. Most recently, it raised $4.0M Seed in March 2024.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Mar 1, 2024 | $4.0M Seed | 75 & Sunny, Boosted Commerce, J12 Ventures, Left Lane Capital, Not Boring Capital, Speedinvest, Team Global, Tet Ventures, Dennis Yang, Douglas Stark, Elias Aalto, Fredrik Hjelm, Fredrik Jung Abbou, Inbal Leshem, Lea- Sophie Cramer, Maria Raga, Mats Diedrichsen, Verena Pausder | |
| May 1, 2020 | $110K Seed | Antler |