Tended, a leading UK-based company in the field of railway safety technologies, aims to further develop its innovative geo-safety solutions and expand into new international markets. $2,66 million announced that it has secured an investment. This significant financing will play a critical role in the company achieving its growth targets.
A New Era in Railway Safety in Europe
With the new resources, Tended plans to expand its engineering and sales teams, strengthen its intellectual property rights and accelerate the launch of its next-generation groundbreaking safety devices. The company is also increasingly active in the European market. Tended is expanding its footprint to the Netherlands, successfully collaborating with major rail operators such as Irish Rail in Ireland and Translink in Northern Ireland.
Revolutionary Wearable Technology for Rail Workers
Tended’s core innovative product is a smart wearable device that uses precise track-specific geo-data to instantly alert trackside staff when they stray outside of pre-determined safe zones. Already adopted by industry leaders including UK-leading rail infrastructure company Network Rail and global technology giant Siemens Mobility, this groundbreaking technology aims to significantly reduce the tragic number of injuries and deaths on the trackside.
The system warns when it detects a dangerous situation. Under 0,25 seconds In addition to this basic safety-focused function, Tended’s solution also provides comprehensive asset tracking and valuable data analysis for workplace safety management, contributing to increased operational efficiency.
Safety Concerns Continue on UK Railways
Rail safety remains a significant ongoing concern on the UK rail network. According to figures from the Railway Safety and Standards Board (RSSB), there were close to 2023 ‘near misses’ reported on UK railways in 24-22. These figures clearly highlight the inadequacy of traditional, often paper-based safety methods. Tended’s scalable digital solutions aim to close these existing security gaps and create a safer working environment.
CEO Leo Scott Smith: “We Are Committed to Our Mission to Eliminate Preventable Incidents”
Tended CEO and founder Leo Scott Smith, made a statement about this significant investment, underlining the company’s commitment to completely eliminating preventable accidents. “With the support of industry-leading investors, we are now in a strong position to bring our technology to new sectors and different geographies. This investment significantly strengthens our ability to deliver meaningful and lasting change in the rail industry and beyond,” Smith said.
Strategic Power Contribution to Management
This investment adds strategic expertise to Tended’s leadership team. Andy Barrow, an experienced partner at Praetura, and Ijaz Khan from Blackfinch Ventures will join Tended’s board of directors, making significant contributions to the company’s growth and vision goals.
Andy Barrow praised Tended’s rapid and impressive impact in the rail safety space and its potential to successfully secure high-profile contracts worldwide. Ijaz Khan highlighted Blackfinch Ventures’ continued evolution in the safety technology space, confirming Blackfinch’s long-term vision and commitment to supporting technological advancement. These strategic partnerships and the investment will enable Tended to consolidate its leadership in the rail safety technology space and take firm steps towards becoming a major player in the global market.
