Story image

Queensland Govt backs safety-tech firm to tune of $1m

25 Mar 2019

The Queensland Government has contributed $1 million to an Australian safety-tech company that aims to keep children and loved ones safe.

TicTocTrack is a Brisbane-based company that created an integrated tracking software platform that works in conjunction with a smartwatch.

iStaySafe CEO and director Karen Cantwell explains that the software was born out of the need to keep people safe through dynamic monitoring. This provides peace of mind for parents.

Since its launch in 2014, the company now offers plans with Telstra. Its initial funding raise brought $1 million to the table in July 2018. 

TicTocTrack has experienced a 600% growth in users over the past three years which is telling of the high demand amongst parents.

Now with additional funding at hand, TicTocTrack will develop its proprietary technology, which is device- agnostic, even further.

''We are absolutely thrilled to receive this much-needed funding for TicTocTrack! As much as it is a win for us, it is a win for all the Aussie parents who want to ensure their child's safety and have peace of mind,” says Cantwell.

Unlike its competitors, whose safe zone is only up to 2km in radius from its centre point and always a circle, the dynamic TicTocTrack' safe-zone is far more accurate and can be set to any shape or size such as one's local park or school.

“The safety software market is booming, thanks to our customers realising its value in the precarious world we live in,'' says Cantwell.

''This new focus on safety-tech from the Queensland government speaks volumes and we cannot wait to put this funding to good use for our customers, ensuring frequent updates to our renowned software, new safety functions, features and especially new product lines.''

TicTocTrack will also continue its expansion through discussions with telecommunications provider in Australia and abroad.

Queensland's deputy premier and treasurer Jackie Trad says that the $80 million Business Development Fund (BDF) supports emerging companies, grows jobs, and strengthens the state’s entrepreneurial ecosystem.

''The BDF has a unique and highly successful funding model which stands out from the crowd,'' says Trad.

''The Fund has been successful in growing the pool of angel and venture capital funding to support the growth of innovative businesses, which in turn creates high-value jobs and showcases Queensland in Australia and around the world.''

''The BDF is a key plank of our $650 million Advance Queensland strategy which supports programs that drive innovation, build on Queensland's natural advantages, and help to raise our profile as an attractive investment destination.''

Paving the road to self-sovereign identity using blockchain
Internet users are often required to input personal information and highly-valuable data from contact numbers to email addresses to make use of the various platforms and services available online.
How Huawei aims to enhance IP networks
'We believe that the intelligent IP networks built with the four-engine series products can continuously empower users with business intelligence."
Earth Day 2019: How tech firms can support our planet's wellbeing
Six industry experts explain how they - and other tech organisations - can positively contribute to the wellbeing of our earth.
ExaGrid and Zerto announce an integrated solution for backup and recovery
“In an age of continuous digital transformation, businesses require new levels of resilience from their DR and backup solutions."
Huawei announces the launch of Atlas AI
The Huawei Atlas AI computing platform is powered by Huawei's Ascend series AI processors.
Veeam releases v3 of its MS Office backup solution
One of Veeam’s most popular solutions, Backup for Office 365, has been upgraded again with greater speed, security and analytics.
What to expect from the Surface Hub 2S
Microsoft has released details about the next iteration of the Surface Hub featuring mobility, reduced weight and a 85in version in the works.
Too many 'critical' vulnerabilities to patch? Tenable opts for a different approach
Tenable is hedging all of its security bets on the power of predictive, as the company announced general available of its Predictive Prioritisation solution within Tenable.io.