MākuSafe has been named winners of the 2019 ACORD InsurTech Innovation Challenge.
The West Des Moines-based company, who advanced through multiple rounds to beat out nearly 100 other contestants, was announced the winner during ACORD Connect 2019 in Boston this week. The company was awarded $15,000 for winning.
MākuSafe is an Insurtech SaaS/Data & Analytics company that has developed wearable technology aimed at improving the safety for factory workers.
“We are incredibly honored to receive this award,” said Gabriel Glynn, CEO and co-founder of MākuSafe. “The entire MakuSafe team has been working so hard and this recognition is very validating. Thank you to ACORD and our insurance industry partners like EMC Insurance Companies and AF Group who continue to support our efforts to get workers home safely every day. Today, MakuSafe had product running in 6 states and nearly half of our 2020 inventory has already been spoken for.”
In February, MākuSafe wrapped up their seed round, raising nearly $3 million. The money raised has gone towards growing the MākuSafe team and towards scaling our manufacturing process.
MākuSafe raises nearly $3 million seed round -Feb. 14, 2019
Maple Ventures: an entrepreneur center for industrial startups -Aug. 21, 2018
MākuSafe raises $1.25 million to make workers safer -Oct. 16, 2017