Strategic venture partner joins current shareholders in growth financing
Fatigue Science, a global leader in providing predictive human performance data in elite sports, military and heavy industry, is pleased to announce the closing of a Series A financing. The financing was made up of a syndicate of new and existing investors including Rhino Ventures, the Company’s first venture capital investor. This financing will enable Fatigue Science to continue to accelerate its growth and leverage its broad customer base that already includes a number of Fortune 500 companies, championship elite sports teams and military special forces groups.
“We have been working closely with global leaders in team and workforce performance optimization, risk reduction and health & wellness for a number of years. Now, with the wide-spread understanding of the impact of sleep on performance and the demand for meaningful IoT fatigue management data, we are able to drive both the broader market and deeper enterprise-wide adoption. We have focused our SaaS offerings on enabling on-going fatigue management strategies that deliver exceptional return on investment for our customers. This financing will allow us to move even faster in evolving the market, our products and the Company”, said Andrew Morden, President and CEO.
The Company’s Readi solution is built on SAFTE™, the world’s leading biomathematical sleep and fatigue prediction and forecasting model, and is designed specifically for elite athletes, military operators and industrial workforces. Readi predicts the cumulative impact of sleep on waking hours. Elite athletes and military operators use predictions from Readi to ensure they’re performing at optimal levels when it matters most. Likewise, industrial workers use Readi to plan future activities enabling them to optimize performance, as well as to become aware of periods of critical fatigue risk in their workday ahead and to receive alerts before they face these risks.
Industrial Enterprise customers use cumulative organizational sleep data to significantly minimize corporate risk and optimize output. The Company’s hardware-agnostic architecture is playing a key role in enabling broader adoption and success. “We have followed the Company for quite some time, and we are thrilled to join the team and enable its success,” commented Jay Rhind, Partner Rhino Ventures. “We believe that the mega-trends in sleep and IoT combined with Fatigue Science’s unique predictive IP and products, customer traction, and seasoned management team are a winning combination.”