Guardhat Doubles Revenue as Companies Prioritize ESG, Worker Safety Investments
Guardhat, a pioneer of end-to-end connected worker solutions, announced it doubled revenue in 2021, year-over-year, and ended the year with over $30M in orders under contract. Industrial organizations sought its unified platform to keep frontline workers safe and connected.
The Guardhat Platform has quickly become the platform of choice among high-risk industrial operations – including the oil and gas, chemical, construction, mining and metals, energy, and manufacturing industries. Organizations are looking to the platform for real-time risk management and reporting capabilities to fulfill expanding ESG reporting requirements.
Beyond revenue and orders, in 2021, Guardhat grew its team, user base, and ecosystem of partnerships, secured a patent for its social-distancing application, earned intrinsically safe certifications for its innovative wearable tech, and raised over $18M in a Series B round.
In the past year, Guardhat kicked off new projects across multiple industries and continents with customers including Barton Malow, Caterpillar, Big River Steel, Ferrovial, Jardine Schindler, Snap-on, U.S. Steel, two of the largest freight rail networks in North America, one of the world’s largest lumber companies, and others.
In 2021, Guardhat expanded its relationship with Siemens, beyond using the SIMATIC RTLS (Real Time Location Services) in Guardhat devices, with a co-deployment in Singapore. Additionally, Guardhat partnered with domain expert integrator CBT (CB Technologies), global safety solutions provider United Safety, and joined the Deloitte Smart Factory @ Wichita initiative to further expand sales, deployment, and support for customers.
This year also saw integrations with a wide array of leading devices to expand capabilities and adoptability for the Guardhat solutions, including:
- New connected safety devices, including devices from Extronics, Equivital and a leading LoRaWAN device designed for intrinsically safe environments;
- Rombit collision avoidance solutions;
- Two leading dosimeters for mobile radiation dosage detection;
- RKI Instruments mobile gas detectors, as well as three other leading mobile gas detectors;
- RealWear assisted reality wearable devices;
- Vuzix hands-free assisted reality smart glasses; and
- BioTrac biometric bands from SlateSafety.
These integrations add to the existing Guardhat Platform ecosystem, which includes 20+ integrations.
This past year, the company was recognized by OH&S (Occupational Health and Safety) magazine IoT (Internet of Things) Product of the Year awards, Tracxn Top Emerging Startups 2021, the National Safety Council’s Green Cross for Safety awards, Plant Engineering’s Product of the Year awards.
Guardhat achieved System and Organization Controls (SOC) 2 Type I for security and confidentiality compliance, and received Class 1 Division 1, IECEx and ATEX Zone 1 certifications for its Communicator smart hardhat for use in hazardous locations in partnership with i.safe MOBILE GmbH.
For more information, visit https://www.guardhat.com.
