Iterate Labs has successfully developed the first industrial wearable that provides data driven solutions for worker safety. Iterate Labs, a TTG member and Growth Fund recipient, recently announced their successful pilot programs and their desire to expand their company.
After completing two pilot programs with multinational companies, Iterate Labs is ready to expand production of their Delta 1 smart wearable. When asked what further funding would do for Iterate Labs, CEO Jason Guss had this to say:
“This round of funding will allow us to do a full-scale deployment with our Fortune 100 customer and to expand to multiple facilities. These facilities will be with multiple Fortune 500 customers we are currently completing pilots with. Full-scale deployments of our solutions will enable us to prevent costly and life-changing injuries in these industries where workers have historically been injured in large numbers.”
The Delta 1 measures the position and angle of a worker’s wrist from their glove, analyzes this data, and notifies both employees about unsafe motions. Delta 1 also provides managers with a wealth of data on each individual employee’s movements and how to best organize their workforce to prevent injury.
This information is valuable to both employers and employees as musculoskeletal injuries cost US employers $25 billion annually. Iterate Labs is currently seeking to raise $2 million in seed money to conduct additional pilots, further product development, and expand their workforce to ten.
If you are interested in learning more about their fundraising venture or for investment purposes, please email Jason Guss at Jason.firstname.lastname@example.org or visit their website at www.iteratelabs.co.