About Altumai
Altumai is a Technology company based in Chicago (United States) founded in 2017. Ergonomics software is used to analyze worker risks via AI. It operates in the Technology and Industrial Goods & Manufacturing sectors. Altumai has raised $50 thousand across 1 funding round from investors including BrokerTech Ventures. Its focus areas include Enterprise Applications, Manufacturing Tech, EHS & Sustainability and Safety Management. Its competitors include Sphera Solutions, Urbint and AlertMedia; 3 of its 3 listed competitors have raised funding.
Company details
Altumai was founded in 2017 in Chicago, United States, within the ergonomics software sector. Software solutions are offered to assess risks faced by workers during operational procedures. Artificial intelligence is employed to detect potential hazards, with individual and aggregated risk scores generated for evaluation. Operations focus on workplace safety analysis across various industries.
- Headquarters Chicago, United States
- SectorsTechnologyIndustrial Goods & Manufacturing
- Email••••••••
- Website altumai.com
- Social LinkedIn X
- Total Equity Funding$50K (USD)
in 1 rounds
- Latest Funding Round$50K (USD), Seed
Feb 2021
- Investors
Funding Insights of Altumai
Altumai has successfully raised a total of $50K through 1 strategic funding round. The most recent funding activity was a Seed round of $50 thousand completed in February 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $50,000
- Total Rounds 1
- Last Round Seed — $50,000
- First Round $50,000
(Feb 2021)
- Investors Count 1
All 1 funding rounds of Altumai with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb 2021 | $50,000 | Seed | – | BrokerTech Ventures | – |
1 investors in total: 1 institutional.
Investors in Altumai
Altumai has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include BrokerTech Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups in the insurance sector are accelerated by BrokerTech Ventures. | brokertechventures.com | Des Moines, United States |
Investor details for Altumai
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People of Altumai
2 people are tracked at Altumai (2 in leadership).
| Name | Role | Group |
|---|---|---|
Lars Skari | Chief Client and Product Officer & Co-Founder | Leadership |
Ashely Deal | Chief Marketing Officer | Leadership |
Complete people profiles for Altumai
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Timeline of Altumai
2 dated milestones of Altumai across 4 years, from founding to its latest funding, stage changes and deals.
- Founded Altumai is founded.
- Funding First funding round of $50K.
Competitors of Altumai
Altumai has 3 listed competitors in our database, 3 of them funded. They include Sphera Solutions, Urbint and AlertMedia.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| sphera.com | 1999 | Chicago, United States | $26.5M | 276 | Cloud-based QEHS and operational risk software is provided. | |
| urbint.com | 2015 | New York, United States | $130.08M | AI-driven urban datasets and analysis tools are offered by Urbint. | ||
| alertmedia.com | 2013 | Austin, United States | $57.58M | 177 | Cloud based emergency communication software for businesses |
Detailed competitors of Altumai
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Top companies in GRC, Risk & Compliance Software
3 companies that operate in the same segment as Altumai (GRC, Risk & Compliance Software) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform that provides data analysis and management solutions | 2003 | Denver, Colorado, United States | USD 2.46 B | USD 2.87 B | 5,915 | |
Cybersecurity and zero trust solutions are delivered for secure networks. | 2007 | San Jose, California, United States | USD 148 M | USD 3.35 B | 9,616 | |
Identity and access management solutions are provided for developers. | 2013 | Bellevue, Washington, United States | USD 332.75 M | 350 |
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Frequently Asked Questions about Altumai
Altumai was founded in 2017 and raised its 1st funding round 4 years after it was founded.
Altumai is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Altumai is a funded company, having raised a total of $50K across 1 funding round to date. The company's 1st funding round was a Seed of $50K, raised on Feb 2021.
Altumai was founded in 2017 in Chicago, United States, within the ergonomics software sector. Software solutions are offered to assess risks faced by workers during operational procedures. Artificial intelligence is employed to detect potential hazards, with individual and aggregated risk scores generated for evaluation. Operations focus on workplace safety analysis across various industries.
Altumai's top competitors include AlertMedia, Urbint and Sphera Solutions.
Altumai has 1 investor. Key investors include BrokerTech Ventures.