Madrid-based tech startup HaloTech Digital Services SL recently secured €10 million in a funding round. Strategic national and international investors participated in this capital raise. The company achieved a €100 million pre-money valuation.
This funding aims to industrialize HaloTech's HALO devices and expand its AI platform. Furthermore, it will consolidate the company's presence in key new markets. These include the US, LATAM, and the Middle East.
HaloTech focuses on AI industrial safety solutions.
Global Expansion and Technology Development
The company plans to open factories or joint ventures in Texas, São Paulo, and Castilla-La Mancha. Additionally, it will accelerate commercial expansion across EMEA, LATAM, and the US. HaloTech also intends to scale its AI platform rollout.
HaloTech's platform, HaloTech AI, monitors environments and worker behavior using smart devices. This system employs predictive algorithms to identify potential risks. The company operates in over 20 countries, offering a Safety as a Service (SaaS 2.0) model. Unlike broader EHS platforms such as Cority or Sphera, HaloTech specializes in real-time, device-driven prevention.
Industries including mining, energy, construction, and waste management utilize HaloTech's services. This helps them reduce accidents and improve regulatory compliance. Strategic partners include Telefónica Tech and Acciona.
Upcoming technological milestones involve voice recognition for device assignment and infrastructure governance. Moreover, the company will develop AI-powered productivity dashboards. Automated predictive analytics for occupational risk prevention are also in development, enhancing its AI industrial safety capabilities.
