Functional Safety and Insurtech SaaS Provider
Business Description
The Company provides a proprietary software as a service (SaaS) solution, and related professional services, specializing in functional safety and insurtech solutions of safety critical products and systems. In collaboration with Amazon, the Company developed a pioneering digital enterprise platform that improves operational efficiency for all functional safety lifecycle phases and leverages granular functional safety and incident mitigation data to quantify financial risk to insurers.
Key Aspects
· The Company's software solution is a first-to-market SaaS platform
supporting critical safety processes for a broad range of customers
· The Company's insurtech tool offers significant benefits for insurance
providers by developing a bottom up approach to actuarial analysis
· The total addressable market is approximately $10-$12 billion for functional
safety software and $470 billion for insurance focused financial risk
assessment software
· Amazon has increasingly adopted the Company's solution with registered
users climbing from 363 to 854 from April 2024 through March 2025
· The Company will generate $3.4 million in annual subscription revenue from
Amazon through March 31, 2030
· Revenue and gross profit grew at compound annual growth rates (CAGRs)of 17.7% and 29.6%, respectively, from 2022 through 2024
·Financials as of 12/24
REF-BN000065195
Key Aspects
· The Company's software solution is a first-to-market SaaS platform
supporting critical safety processes for a broad range of customers
· The Company's insurtech tool offers significant benefits for insurance
providers by developing a bottom up approach to actuarial analysis
· The total addressable market is approximately $10-$12 billion for functional
safety software and $470 billion for insurance focused financial risk
assessment software
· Amazon has increasingly adopted the Company's solution with registered
users climbing from 363 to 854 from April 2024 through March 2025
· The Company will generate $3.4 million in annual subscription revenue from
Amazon through March 31, 2030
· Revenue and gross profit grew at compound annual growth rates (CAGRs)of 17.7% and 29.6%, respectively, from 2022 through 2024
·Financials as of 12/24
REF-BN000065195
About the Business
- Opportunities for Growth
- · Penetrate the insurance industry by implementing targeted sales and
marketing campaigns focused on the Company's risk assessment
software solution
· Grow insurtech product offering by partnering with insurance companies
to develop high value software tools
· Expand the platform's financial risk assessment capabilities to other
industries beyond functional safety
· Increase revenue growth by expanding into new functional safetyfocused
end markets including contract engineering, industrial
manufacturing, aerospace, automotive, medical devices, and energy
Listing Info
- ID
- 2365225
- Listing Views
- 392
Listing ID: 2365225 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
Businesses for SaleOhio Businesses for SaleOhio Internet Related Businesses for SaleOhio Other Internet Related Businesses for Sale