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Human Condition Safety

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Technology company developing digital and iot-enabled solutions to make workplace safety smarter, faster, and user intuitive

New York City, United StatesFounded 2014Fintech
Valuation $250–500M Last recorded · 2016
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Human Condition Safety and the history behind them.

About Human Condition Safety

Human Condition Safety (HCS) was a technology firm established in 2014, focusing on enhancing worker safety in high-risk industries through wearable technology and artificial intelligence. The company was founded in New York City by Peter E. Raymond and Oliver Rothauser as a spin-out from the research and development lab, Human Condition Labs. HCS aimed to serve sectors such as construction, manufacturing, energy, and warehousing by developing systems to prevent workplace injuries.

The company's core business involved creating a product and service offering that integrated wearable devices, AI, cloud computing, and Building Information Modeling (BIM). This technology was designed to monitor workers' movements, track ergonomic risks like bending and loads, and establish geofenced zones to alert supervisors of unauthorized entry into restricted areas. One of their notable projects was the SafeScan program, which utilized virtual reality for hyperrealistic safety training, allowing workers to practice dangerous tasks in a simulated environment. The business model was centered on providing these tools to help clients make worksites safer and ultimately reduce their overall cost of risk, particularly workers' compensation costs.

Throughout its operation, Human Condition Safety secured significant funding, raising a total of $18.1 million over three rounds from investors including AIG, Microsoft, and Sterling Partners. AIG was a key strategic investor, backing the startup with the goal of leveraging its technology to cut workers' compensation expenses. In November 2016, the company underwent a management transition, with the founders leaving to pursue new ventures and a new team appointed to shift the focus from R&D to commercialization. Despite initial successes in pilot programs and strategic partnerships, HCS filed for bankruptcy in March 2017 and was subsequently acquired by an AIG subsidiary.

Source: Dealroom company data

At a glance

Status
Closed
Founded
2014
Headquarters
New York City, United States
Employees
2
Open positions
None listed
Dealroom signal
0.0/100
Industry
Fintech
Sub-industry
Insurance
Sector
Fintech, Wearable, Hard Tech, DT and LS
Technology
Hardware, Deep Tech, Computer Vision, Connected Device, IoT InternetOfThings
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
DEBT✓Debt Dec 2016 $2.7M — Undisclosed —
LATE VC✓Equity / VC Jan 2016 $43M $172M American International Group —
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Growth signals

Human Condition Safety website traffic

Latest recorded traffic for Human Condition Safety is 0 monthly website visits.

Latest monthly visits0
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Similar companies

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

1 investor on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later1 investor entered at this stage

  • American International Group
Team profiled 7 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 4 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇩🇰 Denmark100%
1 country shown

Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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