Edify

Edify

People-focused AI to reduce injuries in construction and industrial worksites

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Security Type
Convertible Note
Min Investment
$150
Location
Salt Lake City, UT
Offering Date
November 09, 2020
Expected Close Date
March 04, 2021
Target Raise
$1.07M
Security Price
$1

Company Description

Vision Use people-focused AI to drive behavioral change and increase workplace safetyPeople-focused means just that--focused on the frontline worker because they are the ones who get hurt. We are hyper-focused on engaging every worker in safety every day so that incidents, injuries, and deaths become rare.Over the next two years, Edify will focus on scaling sales and further optimizing our AI to reduce injuries.  As the AI improves, Edify will shift to a value-based pricing model--significantly increasing Edify's growth potential and valuation.  

Key Deal Facts

People focused, AI driven safety solution
$8.6B+ market opportunity
Projected revenue of $21M by 2024
Clients include Fortune 50 tech company, and top 20 general contractors15 customers in construction, tech, and insurance
Over 1,400 active users per monthFounders have track record of building successful companies

Management Team / Advisory Board Bios

Cory Linton, CEO & Founder
25 years experience in software, including 9 years at Microsoft. Most recently COO at School Improvement Network, where he helped grow the company from $2.5M to over $46M prior to exiting to a strategic buyer. MBA from Columbia Business School
Amount Raised : $89,372
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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