SafetyCulture Pty Ltd Due Diligence

Run due diligence on SafetyCulture Pty Ltd: check compliance and get alerts when suppliers change.

Australia · safetyculture.com · 58 vendors

SafetyCulture is a global technology company that provides a mobile-first operations platform. This platform empowers working teams to drive daily improvements across their organization, focusing on safety, quality, and efficiency. It offers tools for inspections, issue reports, data capture, analytics, IoT, risk mitigation, training, and asset management.

Resilience scores

Technology vendors

Services catalogue

1 service in catalogue across 1 category; runs on 58 sub-vendors.

Insights

Last updated 2026-04-15 · revision 1

58 direct vendors, 338 subvendors

Direct vendors by controlling owner country (sample)

Subvendors by controlling owner country (sample)

Compliance

5 in-scope frameworks identified; showing 3.

ISO 27001 (source) — Evidence found

Evidence: https://safetyculture.com/security

NIS2 (source) — No public evidence

Evidence: https://safetyculture.com/about

SOC 2 (source) — Evidence found

Evidence: https://safetyculture.com/security

Financials

Three-year financials

Financial Resilience Score: 6/10

SafetyCulture demonstrates strong top-line growth momentum, having scaled from approximately AUD 100–120M ARR in FY2022 to a claimed ~USD 200M ARR by FY2024, representing consistent 30–40% annual growth. The company has secured over USD 435M in total venture capital from tier-1 global investors including Insight Partners, Index Ventures, Tiger Global, and Blackbird Ventures, providing substantial financial backing and strategic credibility. Its SaaS subscription model underpins revenue predictability, and industry-standard gross margins for SaaS businesses (typically 70–80%+) suggest a structurally sound unit economics profile, though this has not been publicly confirmed for SafetyCulture specifically. However, significant uncertainty surrounds the company's financial resilience due to the complete absence of audited financial statements. No profitability, cash flow, or balance sheet data has been publicly disclosed. Given the pace of capital consumption — with USD 165M raised as recently as September 2024 — the company is almost certainly operating at a loss, investing heavily in R&D, global expansion, and AI development. The burn rate and remaining runway are entirely unknown from public sources, making independent credit or investment assessment highly constrained. The 2021 peak valuation of USD 2.2B was established in a high-multiple, low-interest-rate environment. In the normalised rate environment of 2024–2025, the fair market value of the business may be materially lower, introducing valuation risk for existing investors. The leadership transition from founder Luke Anear to new CEO Kelly Vohs in November 2024 adds execution risk during a critical growth phase. Competition from established EHS/GRC vendors and large platform players (Salesforce, Microsoft) further pressures long-term margin expansion. Overall, the company scores moderately on financial resilience: strong on growth trajectory, investor backing, and market positioning, but constrained by opacity around profitability, ongoing cash consumption, and an unconfirmed path to either profitability or a liquidity event.

Key strengths: ~USD 200M ARR run-rate as of FY2024, reflecting consistent 30–40% annual growth, USD 435M+ total venture capital raised from tier-1 global investors, Recurring SaaS subscription model with high expected gross margins (70–80%+ industry benchmark), 76,000+ organisations and 2M+ workers on platform across 180+ countries — strong network effects and switching costs, Active AI integration and product expansion reducing single-product concentration risk, Large and underpenetrated total addressable market (2B+ frontline workers globally), Freemium funnel (iAuditor legacy) driving organic user acquisition and enterprise upsell, Inorganic growth strategy evidenced by EdApp (2021) and Twine (April 2026) acquisitions

Risk factors: No audited financial statements publicly available — profitability, cash flow, and balance sheet entirely unknown, Almost certainly operating at a loss given growth-stage investment pace and ongoing large funding rounds, Burn rate and cash runway undisclosed; USD 165M Series E (Sept 2024) implies continued significant cash consumption, 2021 peak valuation of USD 2.2B may be materially overstated in current normalised interest rate environment, Leadership transition risk: founder stepped back from CEO role in November 2024; new CEO Kelly Vohs unproven in role, Competitive pressure from Salesforce, ServiceMax, Intelex, Cority, Microsoft, and Google in workflow/EHS/GRC markets, FX exposure: global revenue (USD, EUR, GBP, AUD) against partly AUD-denominated cost base, Higher churn risk from SME/mid-market customer concentration in economic downturns, No confirmed IPO or trade sale path; investor liquidity timeline uncertain

Revenue by geography

Revenue by product/service

Workforce by country

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