Soter secures £9.2m to power wearable tech – TechMarketView
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Wearable tech agency Soter Analytics has secured $12m (£9.2m) in a Collection A funding spherical led by AV8 Ventures. Earlier funding consists of £950k in a seed spherical in Might 2018. The London HQ’ed agency currents wearable know-how that tracks clients’ again and shoulder actions To current guide dealing with teaching tutorials and personalised teaching that tracks clients’ progress. It Might be Utilized in warehousing, manufacturing and enchancment.
Based in 2015, Soter Analytics’ know-how is already Utilized by Travis Perkins, Coca-Cola, Hole and Woolworths. They wunproperly use the funding To Increase R&D As properly as to proceed to develop market share Inside the US, Europe and The united kingdom, and increase into France, Germany, Netherlands and Scandinaby way of.
The agency says it currents the ‘world’s first finish-to-finish ergonomic safety platform To cease again & shoulder accidents Inside the office by 55%’ using their smart wearables and AI options. The Soter system itself weighs simply 20 grams, and Might be worn on the arm, again or hooked up to PPE, it makes use of a mobile app To hint And current personalised teaching. The agency furtherly has a cloud-based mostly reply pohave beend by AI referred to as ‘SoterTask’ used To evaluate ergonomic hazard by way of video evaluation.
Corporations like Soter have actually learnt from the success of shopper wearables Similar to Fitbits, models are mild and unobtrusive, And mix mobile purposes with dashboards and personalised recommfinishations. Based on The united kingdom Well being and Safety Authorities (HSE), 8.9 munproperlyion working days have been misplaced in 2019-20 As a Outcome of Of labor-associated musculoskeletal accidents, recurrenting 27% of complete Work-associated unproperly health …….