Peoria, Arizona, United States
SAFA is a pre-revenue B2B SaaS company being spun out of the University of Notre Dame, automating the safety analysis and requirements traceability process for safety-critical software in industries including automotive, robotics, medical devices, and aerospace. The company is built on more than 20 years of traceability research by Professor Jane Cleland-Huang and is being commercialized by CEO Aarik Gulaya, who was brought on specifically to take the technology to market as a standalone startup. As of April 2022, SAFA had a team of approximately six part-time contributors and was completing its minimum viable product, with a beta program targeted for Q2 or Q3 2022 and a full product release planned for Q1 2023. The company had not yet recorded any revenue and was in the process of closing a $200,000 SAFE round at a $2 million valuation cap with a 20% discount, of which $125,000 was hard committed and $25,000 soft committed at the time of the interview. The spinout structure gives Notre Dame's IDEA Center a 20% equity stake, with the remaining equity split among the founding team and a reserved pool of 40% to 50% for employees and future investors. SAFA competes directly with established requirements management platforms IBM Doors and Jama Software, differentiating through machine learning, deep learning, and native safety standards support built directly into the platform.
- Revenue
- $644.2K
- Customers
- -
- Year founded
- 2021
- Funding
- $200K
- Team size
- 4
- Growth
- -
