Deep tech company Soter Analytics was started in 2016 to reduce workplace ergonomic injuries in warehouses and factories, drive-down claims costs, boost productivity and improve worker retention using smart safety wearables and AI-driven technologies.
At the most recent OTB Ventures Summit, we caught up with the company's CEO, Matthew Hart, who explained what the company is building - and why it matters.
Soter Analytics serves customers globally in the warehousing, manufacturing and logistics sector, but also has clients in the healthcare, construction, mining and oil & fas industries.
The London, UK-headquartered safety tech company sells hardware devices at a low cost, but the majority of its revenue comes from subscriptions.
With Soter Analytics' solutions, the company claims customers can get up to 86% of reduction in back and shoulder injuries, and achieve up to 67% of reduction in workers compensation costs.
Hart also talks about how injuries can affect workers' personal lives, which is a big part of the reason why Soter Analytics aims to create a safer, healthier, and more productive work environment.
In the interview, Hart also commented on the availability and quality of deep tech talent in Europe, and Eastern Europe in particular.
Have a listen below or on our dedicated podcast page.
About the EIC Scaling Club
The EIC Scaling Club is a curated community where 100+ European deep tech scale-ups with the potential to build world-class businesses and solve major global challenges come together with investors, corporate innovators and other industry stakeholders to spur growth.
The top 100+ European deep tech companies will be carefully selected from a pool of high-growth scale-ups that have benefitted from EIC financial schemes, other European and national innovation programmes, and beyond.
The EIC Scaling Club is an EIC-funded initiative run in partnership by Tech Tour, Bpifrance (EuroQuity), Hello Tomorrow, Tech.eu (Webrazzi), EurA and IESE Business School.
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