LAVCA VC
  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA
  • Member Login
  • Member Access

LAVCA VC

  • News Feed
  • VC Data
  • Directories
  • Features
  • Tech Growth Coalition
  • LAVCA Gender Diversity
  • Engage
    • VC Council
    • VC Members
  • LAVCA

Globant Ventures Makes an Undisclosed Investment in Safety Startups Woocar and Drixit

July 14, 2020
Globant Invests in Woocar and Drixit

Globant Ventures made an undisclosed investment in Argentine startups Woocar, a driver safety platform, and in Drixit, a provider of safety compliance monitoring services for manufacturing plants.

(Contxto) Software company Globant, through its corporate venture arm, recently added two startups from Argentina to its portfolio.

WooCar and Drixit closed funding through Globant Ventures. Just how much they raised, is undisclosed.

Either way, it’s good news as far as personal safety is concerned, as both startups developed products that use data to prevent accidents. In Woocar’s case for when a person is driving on the road.

Meanwhile, Drixit is helping manufacturers and factories prevent on-site mishaps.

Woocar woos Globant

Technology to monitor driving behavior isn’t novel to Latam.

Chilean Jooycar does so to help insurance companies understand drivers’ behavior and then offer a more inexpensive plan (if they’re responsible behind the wheel). A device installed on the vehicle supervises everything that happens.

However, Argentine Woocar takes a different approach. By just using the features normally available on a smartphone (its accelerometer, gyroscope, and GPS), the startup’s platform can pick up on a driver’s habits.

Woocar uses machine learning to understand if a vehicle is going too fast, slams the breaks too often, and so on.

Of course the platform can also detect if the person is using their phone.

Ultimately, this data aids users in understanding their own habits. It also helps them save money because (theoretically) they’ll save on gas and vehicle maintenance because they’ll be more careful.

This type of product comes especially in handy when the car is owned by a business or other third party who wants to ensure it’s in good hands.

Drixit does it for safety’s sake

Buenos Aires-based Drixit uses Internet of Things (IoT) technology to monitor safety compliance and accidents in manufacturing plants. Through sensors, for example, the startup can tell if a person is within a designated safety zone.

If not, the platform makes a note of it and can let supervisors know. A little Big Brother-ish, sure. But when it comes to safety, companies don’t want to assume any risks and employees shouldn’t take it lightly in the first place.

Drixit also wants to help businesses’ productivity levels by overseeing asset management. For example to know if employees use a forklift for unnecessary trips.

Nonetheless, because every manufacturer and production plan has its own layout and safety requirements, Drixit can tweak its system accordingly.

Because both Woocar and Drixit address global problems (and seek to prevent them) Globant Ventures saw the startups’ solutions as scalable and worth investing in.

Globant Ventures Makes an Undisclosed Investment in Safety Startups Woocar and Drixit was last modified: July 21st, 2020 by cramos
ComplianceDrivingDrixitGlobantGlobant VenturesIoTManufacturingSafetyVenture CapitalWoocar
0
Facebook Twitter Google +

Categories

  • Deals
  • Exits
  • Regulatory
  • M&A
  • New Funds & Firms
  • Partnerships

Sign up for LAVCA’s bi-weekly Latin American Private Capital Update and the LatAm Venture Bulletin, produced specifically for venture investors, entrepreneurs, and technology startups in the early stage ecosystem.






Which LAVCA Newsletter would you like to receive?

Tweets

  • "According to LAVCA Data, VC investment into Latin American fintech totaled USD1.2b in the first quarter of 2022."… https://t.co/oikd3BXiCU

    24-Jun-2022

    Reply Retweet Favorite
  • Felicitaciones a la Directora Ejecutiva de LAVCA @lavca_org Ángela María Tafur @naitafur quien se ha incorporado al… https://t.co/qjHgnmFPS3

    14-Jun-2022

    Reply Retweet Favorite
  • LAVCA's Director of Venture Capital @crdelavega_ shares insights with @TechCrunch's @bayareawriter on the latest d… https://t.co/krypDTI5NE

    14-Jun-2022

    Reply Retweet Favorite
  • Congratulations to LAVCA's Executive Director @naitafur who has joined the Board of Directors of @GRUPOSURA. https://t.co/47bv5fyVhT

    13-Jun-2022

    Reply Retweet Favorite
  • In 2018, @_AquaCapital invested in agricultural biologicals platform @Biotropbr. In 3 years, the company has reduce… https://t.co/PDu5zkchTs

    13-Jun-2022

    Reply Retweet Favorite

Keep in touch

Twitter Linkedin Youtube

About LAVCA

 

LAVCA is the Association for Private Capital Investment in Latin America, a not-for-profit membership organization dedicated to supporting the growth of private capital in Latin America and the Caribbean through research, education, networking and advocacy.

LAVCA Office

    New York City:
    589 8th Ave, 18th Floor
    New York, NY 10018

Explore LAVCA.org

  • About LAVCA
  • Board, Team, & Advisors
  • Media
  • Contact Us
  • Membership Benefits
  • Members Only Access
  • Education and Programs
  • Research
  • Policy
  • LAVCA VC
  • Contact Us

@2020 - LAVCA. All Rights Reserved.


Back To Top