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Smartvid.io, the construction safety artificial intelligence platform, has announced a new $5 million round of funding, bringing the total the software company has raised to $21 million. 

Smartvid.io uses AI to address risks and improve jobsite safety, cutting incident rates by as much as 50% for major contractor clients, including Suffolk, Skanska and Barton Malow, the firm says.

In recent months, Smartvid.ip has used data to help understand regional COVID-19 responses and provide baselines upon which contractors can compare their processes / protocols and determine where they can improve jobsite health and safety.

A complete press release can be found here.