SafeAI

SafeAI

Developer of the autonomous platform created for the heavy equipment industry. Learn more

Financials

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Revenues, earnings & profits over time
USD20192020202120222023
Revenues1.1m1.3m2.3m8.8m17.2m
% growth-14 %80 %280 %97 %
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Recent News about SafeAI

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SafeAI is a pioneering company in the field of autonomous technology for heavy industries, specifically mining and construction. The company retrofits existing heavy mining and construction vehicles with advanced autonomous technology, which means they upgrade current vehicles with new technology instead of replacing them. This retrofit includes both hardware and software that can be applied to any vehicle, regardless of its type or manufacturer.

SafeAI's primary market consists of heavy equipment owners in the mining and construction sectors. These clients benefit from increased productivity, enhanced safety, and significant cost savings. By enabling vehicles to operate autonomously, SafeAI helps these industries add approximately 1,000 additional hours of productivity per vehicle each year. This can lead to faster project completion times and more efficient budget management.

The business model of SafeAI revolves around selling their retrofit kits and software solutions to heavy equipment owners. They generate revenue through the sale of these kits and potentially through ongoing software licensing or maintenance fees. The company’s technology uses on-vehicle cameras, radar, and LiDAR (a technology that measures distance using laser light) to collect sensor data. This data is then analyzed in real-time by powerful onboard computers to dynamically map the environment and detect obstacles, ensuring safe and efficient operation.

SafeAI's leadership team brings together expertise from top companies in both autonomous technology and the heavy industry sectors, providing a unique blend of skills and experience. This positions SafeAI as a leader in the market, capable of delivering cutting-edge solutions to top-tier industry participants globally.

Keywords: Autonomous Technology, Retrofit Kits, Heavy Equipment, Mining, Construction, Productivity, Safety, Cost Savings, Real-Time Data, Industry Expertise.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.