Major investment to aid SmartCap’s global expansion
Mining3’s spin-off company, SmartCap’s ground-breaking product, Life, is the world’s most effective fatigue monitoring solution that provides real-time feedback, helping drivers manage their own alertness, anywhere, anytime. The technology also allows supervisors access to data that enables them to make fact-based decisions that keep their workforce safe.
Yesterday, the company announced it had secured funding from Jolimont Global, a private equity group that invests in high growth mining equipment, technology, and services companies.
SmartCap CEO, Dush Wimal, said the investment would principally be used to expand the company’s reach internationally. “We are obviously thrilled with the investment from such a highly-regarded firm, which is a terrific vote of confidence in SmartCap.” Mr Wimal said. “This partnership will help us expand more aggressively into the global mining and other markets, and offer the benefit of the Life product to many more customers.”
Jolimont Global Chief Investment Officer, Charles Gillies, said that this investment would help drive innovation and productivity improvements in the mining and other industries. “We are very impressed with the SmartCap team and its ability to execute in complex and dynamic markets.” Mr Gillies said. “Life is a world leading product in predictive fatigue management and will drive a step change in safety and productivity.”
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