WorkerSense Inc. has raised $50,000 in a private equity offering, according to a filing Wednesday with the Securities and Exchange Commission.
The industrial technology startup company hopes to raise an additional $50,000 to make the total offering $100,000.
The company obtained the money from one sole investor in the form of debt and equity, according to the filing.
WorkerSense was founded in May 2016 by Canyon Dell’Omo while obtaining his undergraduate degree in biomedical engineering at Duke University.
While at Duke, Dell’Omo designed and prototyped the world’s first 3D geometric imaging phantom.
Dell’Omo was the leader of a grant funded ACL injury prevention research project that aimed at using Bluetooth motion sensors and electrical simulation for gait adjustment.
WorkerSense uses a device that is easily attachable to a hard hat to study the operations of a company that enhance the effectiveness and safety of daily operations.
Under his leadership, WorkerSense has worked on problems in the construction industry.
Companies relying on a Reg D exemption do not have to register their offering of securities with the SEC, but they must file what’s known as a Form D electronically with the SEC after they first sell their securities.