TLDR: Madrid-based tech startup HaloTech Digital Services SL has successfully closed a €10 million funding round, achieving a pre-money valuation of €100 million. This significant investment will fuel the industrialization of its HALO devices, expand its AI platform for occupational risk prevention, and accelerate its global market presence, particularly in the US, Latin America, and the Middle East. The company aims to set a new global standard in industrial safety through its real-time, AI and IoT-driven solutions.
Madrid, Spain – HaloTech Digital Services SL, a pioneering tech startup specializing in AI-powered industrial safety, announced today the successful closure of a €10 million funding round. The investment, backed by strategic national and international investors, values the company at €100 million pre-money, underscoring strong confidence in its innovative approach to occupational risk prevention.
The substantial capital injection is earmarked for several key initiatives designed to solidify HaloTech’s position as a leader in the industrial safety sector. A primary focus will be the industrialization of its proprietary HALO devices and the significant expansion of the HaloTech AI platform. Furthermore, the funding will accelerate the company’s global footprint, with a particular emphasis on consolidating its presence in critical new markets including the United States, Latin America, and the Middle East, alongside continued expansion across EMEA.
Founded in 2023 by Manu Marín, known for his work with LIVALL and as former COO of Wallbox, HaloTech has rapidly developed its HaloTech AI platform. This advanced system leverages smart devices and predictive algorithms to enable real-time monitoring of industrial environments and worker behavior, proactively identifying potential risks. The company operates on a Safety as a Service (SaaS 2.0) model, currently serving clients in over 20 countries across diverse industries such as mining, energy, construction, and waste management. HaloTech’s specialized, device-driven prevention model differentiates it from broader EHS platforms, focusing on immediate, actionable insights to reduce accidents, enhance regulatory compliance, and lower incident-related costs.
Manu Marín, CEO and founder of HaloTech, emphasized the significance of this funding round, stating, “This round validates our approach: saving lives with real-time data. It’s a decisive step towards the internationalization of our technology and our SaaS model.” He further articulated the company’s ambitious vision: “Our goal is clear: to become the Salesforce of industrial EHS. We are building technology that not only saves lives but transforms how companies manage safety.”
The company has already forged strategic partnerships with industry giants such as Telefónica Tech, which provides crucial connectivity and post-quantum encryption for data security, and Acciona, with whom a global alliance has been formed. Pilot programs are also underway with Técnicas Reunidas in the Middle East and Spain. Current clients and pilot programs include major corporations like Codelco, BHP, Grupo Val, FCC, Valoriza, Capiro, Serveo, Emvarias, Celsia, and Sura, as well as local governments.
Looking ahead, HaloTech has outlined ambitious technological milestones. These include the development of voice recognition for device assignment, advanced infrastructure governance capabilities for elements like scaffolding and machinery, AI-driven productivity dashboards, and automated predictive analytics specifically for occupational risk prevention. The company also plans to establish new factories or joint ventures in strategic locations such as Texas, São Paulo, and Castilla-La Mancha, Spain, to support its industrialization efforts.
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With projected revenues exceeding €90 million over the next three years, HaloTech is poised to become a global benchmark in the industrial safety landscape, driven by its commitment to leveraging cutting-edge AI and IoT technologies for a safer workplace.
