Founder : Nathan Klarer
Location : San Francisco
Target : $0
Share Type : Common StockBusiness Overview
- Bridgecrest Medical, based in San Francisco, is an enterprise software as a service company that provides a market leading wearable device fatigue management solution to heavy industry companies. Our solutions combine the latest in mobile and wearable technology with real-time data analytics to help companies prevent accidents, lower insurance costs and increase productivity.
- Our fatigue management solution was developed in partnership with one of the world’s largest mining comapanies. We have currently deployed our solution into multiple market leading mining, trucking and busing clients around the globe.
- Our end-to-end solutions integrate the first-hand expertise of world-class leaders in mobile technology, data analytics, occupational health and high-altitude medicine. We work with leading research institutions such as the Scripps Translational Science Institute and Universidad Católica de Santa María. We develop vertically-integrated Internet of Things (IoT) solutions through collaboration with organizations like Acceleprise and leading technologists in Silicon Valley.
- Named one of the top nine healthcare tech startups to watch by Information Week, we work to ensure that the right insights reach the right person at the right time — to prevent accidents, lower insurance costs and increase productivity.
Transaction Overview
- Offering: $1,500,000 USD round.
- Details: Common Stock.
Investment Highlight
- Competitive Advantage: Bridgecrest has developed advanced proprietary algorithms based on millions of dollars’ worth of research that enable prevention of fatigue risk in a far superior manner to competitive products. In addition, the Bridgecrest Fatigue Management System is the only system on the market with a true field validation study and case studies demonstrating its efficacy. These technical advantages combined with strong sales, pure SaaS business model and technology leadership will propel Bridgecrest into the global leadership position in Fatigue Management.
- Traction: The Bridgecrest Medical Fatigue Management System was launched in September 2015 into its first clients. Since then, Bridgecrest has added on average one enterprise client per month and the total number of drivers using the system has increased exponentially. Full rollouts in just the current deployment site base over the next 12 months has an expected annual recurring revenue of $2.5 M. New clients and additional sites within those clients will allow Bridgecrest to grow revenue very quickly with a direct cold email to close outbound sales strategy. With a proven product, Bridgecrest is quickly exploring channel distribution strategies with insurance providers, infrastructure developers and other distributors. In addition, Bridgecrest has already established a Bridgecrest LATAM sales office based out of Lima, Peru.
About Management Team
- Nathan Klarer (CEO): Nathan founded Bridgecrest Medical to bring the latest in health technology to the places where these tools can have a massive impact. His experience combines quantitative analysis (equity research for investment firms) and medical device development (including tools to measure viral load in HIV+ patients in Mozambique)—and he’s bridged these two approaches in his work. Nathan leads a stellar team of employees and advisors, and has participated in Acceleprise, the accelerator for enterprise software startups. He’s a proud graduate of the Bioengineering department at the Jacobs School of Engineering at the University of California, San Diego, which the National Academy of Sciences has ranked as the nation’s #1 program. His work at Bridgecrest has been featured in Information Week, VentureBeat, The Korea Herald, Mining.com and other publications.
- Jeffrey Greenberg (CTO): Jeffrey brings decades of technology leadership and product creation to Bridgecrest Medical. With patents in medical diagnostic imaging and innovations in user interface design, Jeffrey focuses on product and technology innovation. His deep technology consulting experience which includes Bell Laboratories, large enterprises such as AON/Hewitt, and numerous startups, enables Jeffrey to focus on helping our clients, their workers, and our team succeed. Jeffrey holds an advanced degrees from UCSD including a degree in Bioengineering, and has also been awarded grants from the National Endowment for the Arts and other arts institutions.
- Dr. Luis Perez (CHO): Occupational Health Physician with more than 25 years of experience in oil and mine industry. Corporate Occupational Health Manager for Barrick Gold Corp for 15 years traveling globally designing and leading the implementation of the Occ Health Programs. Previously, worked for 9 years as an Occ Health Chief in the large Southern Peru Copper Corp. Performed several broad research studies in Occ Health, fatigue management & mine vehicle accidents, Created a validated methodology to investigate fatigue related accidents. He is also a visiting professor at multiple universities.
About Our Product
- We at Bridgecrest Medical have designed an end-to-end fatigue management solution that combines wearable technology and real-time alerts.
- With predictive analytics designed to fit your operational context, developed through partnerships with device manufacturers and industry experts, we empower you and your team to make data-driven decisions to prevent problems before they happen.
- This can fit neatly into operations—without massive investments or workflow disruptions.
Here’s how the system works:
1. Employees are screened for major risk factors like sleep apnea. The results are automatically synchronized with our secure data analytics platform, where they can be compared with set standards for employees in similar conditions as well as the patient’s historic data.
2. The workers wear smartwatches, especially while they are sleeping or resting. These devices measure their biometrics, heart rate, and quality and quantity of sleep.
3. The data from the smartwatches automatically feeds into a computer interface. The system categorizes each employee into high, medium and low-risk categories, based on data from top doctors from the world’s leading mining companies.
4. In the time between when the employees wake up and when they begin their shifts (often while they are eating in the cafeteria) your company’s doctor or safety manager can review the employees’ risk profiles and make just-in-time management decisions about the people whose metrics show that they are at high risk of causing an accident. This may include sending the employee to the doctor for additional testing or treatment. It may include a different work assignment for the shift (perhaps a maintenance job instead of driving heavy equipment.)
About Industry
- We believe the market for Fatigue Management is at least $4 Billion USD across Mining, Trucking and Oil & Gas. Operations managers believe employee fatigue to be the direct cause of at least 18% of all accidents and injuries suffered in their facilities. The USA loses $77 B to fatigue in the workplace per year.
- In addition, Bridgecrest is well positioned to tackle a larger market called “Predictive Safety” of at least $20 Billion USD across Mining, Oil & Gas, Trucking, and Aviation. We define predictive safety as the shift is safety management from a reactive process to a predictive process largely driven by wearables, big data and the internet of things.
Financials
Available on further discussion with registered investors.
About Competitor
The fatigue management market is segmented into reactive vs. predictive solutions. Most of the market leading solutions are reactive and enabled by older technology that analyzes driver faces, eye movement or other indicators in the cab of the vehicle. These systems send an alert moments before the crash and rely on constant diligence from management in order to intervene minutes before the crash occurs. The Bridgecrest system classifies workers as high, medium and low risk before workers even start their shift. This allows management to intervene ahead of time and prevent accidents before they happen!
Exit Strategy
Available on further discussion with registered investors.
Risk Warnings
Disclosure: Investing in startups carries a high degree of risk. In general, financial and operating risks confronting both early and developmental-stage companies, as well as more mature expansion-stage companies are significant. Many emerging growth companies go out of businesses every year. It is difficult to know how companies will grow, if at all, or what changes may occur in the market. A loss of an investors entire investment is possible and no profit may be realized. Investors are responsible for conducting their own due diligence.
* It should not be assumed that recommendations made in the future will be profitable or will equal the performance of securities in this list
- We at Bridgecrest Medical have designed an end-to-end fatigue management solution that combines wearable technology and real-time alerts.
- With predictive analytics designed to fit your operational context, developed through partnerships with device manufacturers and industry experts, we empower you and your team to make data-driven decisions to prevent problems before they happen.
- This can fit neatly into operations—without massive investments or workflow disruptions.
Here’s how the system works:
1. Employees are screened for major risk factors like sleep apnea. The results are automatically synchronized with our secure data analytics platform, where they can be compared with set standards for employees in similar conditions as well as the patient’s historic data.
2. The workers wear smartwatches, especially while they are sleeping or resting. These devices measure their biometrics, heart rate, and quality and quantity of sleep.
3. The data from the smartwatches automatically feeds into a computer interface. The system categorizes each employee into high, medium and low-risk categories, based on data from top doctors from the world’s leading mining companies.
4. In the time between when the employees wake up and when they begin their shifts (often while they are eating in the cafeteria) your company’s doctor or safety manager can review the employees’ risk profiles and make just-in-time management decisions about the people whose metrics show that they are at high risk of causing an accident. This may include sending the employee to the doctor for additional testing or treatment. It may include a different work assignment for the shift (perhaps a maintenance job instead of driving heavy equipment.)
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This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.
This section of information is for our registered investor only. Please Sign Up as a Shanghai Valley investor.