SafeLoc raises €1.4M to cut industrial accidents with real-time tracking
What's the deal? Basque startup SafeLoc SystemsDealroom has a profile for this one. Try Dealroom → has raised €1.4 million ($1.6 million) in an early-stage round to scale its real-time location technology that tracks people and vehicles inside factories. BeAble CapitalDealroom has a profile for this one. Try Dealroom →, a deep-science fund, led the round alongside Kutxa FundazioaDealroom has a profile for this one. Try Dealroom → and Basque Tek VenturesDealroom has a profile for this one. Try Dealroom →. The deal values SafeLoc at €4.5 million.
What does it do? SafeLoc's system pinpoints workers and machinery to within 10 to 30cm in heavy-industry settings such as steel, automotive, aeronautics, logistics, and construction. By flagging dangerous zones before incidents occur, the company says it cuts workplace accidents by more than 90%.
Who's using it? Clients include GestampDealroom has a profile for this one. Try Dealroom →, ArcelorMittalDealroom has a profile for this one. Try Dealroom →, TerniumDealroom has a profile for this one. Try Dealroom →, and ABB. SafeLoc, founded in 2023 and backed by four patents, says its technology can recover up to 12,000 working hours a year per plant, saving an estimated €350,000 annually per site.
What's the money for? SafeLoc plans to scale its technology industrially and expand internationally. It already operates in Spain and Mexico, with Poland and Morocco next, followed by France, Italy, Portugal, Germany, and the Czech Republic.
What they said: "Our goal is to transform industry into a safer, more efficient, and smarter environment," said chief executive officer Pablo Muntaner (translated from Spanish).
The signal: At roughly €1.4 million, the round sits in the lower tier of early-stage deals by size, reflecting SafeLoc's status as a young deep-tech startup still proving its industrial case. The backing from regional Basque investors underscores a push to build advanced, safety-focused manufacturing out of the region.
Read more: expansion.com
Image credit: EU-Ukraine cooperation
