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Stock impact report

EIC Rose Rock Investment Aims to Utilize AI to Improve Worker Safety [Yahoo! Finance]

Helmerich & Payne, Inc. (HP) 
Last helmerich & payne, inc. earnings: 4/30 04:43 pm Check Earnings Report
US:NYSE Investor Relations: hpinc.com
Company Research Source: Yahoo! Finance
TULSA, Okla., March 07, 2024 (GLOBE NEWSWIRE) -- EIC Rose Rock, an early-stage VC fund focused on energy technologies, today announced its direct investment into Safety Radar, a Tulsa-based start-up with offices in Oklahoma and Colorado that has built an artificial intelligence (AI) platform to help prevent job site accidents and enable organizations to quickly identify and address potential risks, protecting their employees, assets, and reputation. EIC Rose Rock was the lead investor in the $1.5m Series Seed financing which also included strategic investor Helmerich and Payne (H&P), DA Ventures Seed Fund (a Denver Angels affiliate), as well as several other investors. “We are excited to lead this investment into Safety Radar and continue delivering innovation and value to our corporate partners. The Rose Rock Bridge program provided the initial non-dilutive funding and start-up support services to ensure Safety Radar's team built the company in Tulsa. This additional investment Show less Read more
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