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The people who built Australia’s companies · November 2026

Workplace safety and operations software (iAuditor / SafetyCulture platform)

SafetyCulture

Turning the checklist inspection app iAuditor into a broader operations platform for frontline workers, which pushed it into unicorn territory twice.

Long before he built software for safety, Luke Anear spent about seven years looking for people who were hurt on the job, or said they were.

He worked as a private investigator for insurance companies, checking workers' compensation claims for fraud. It is an odd start for a man who now runs one of Australia's most valuable private software companies, and it is the fact that explains the company's name. Anear spent years seeing what happened when workplaces went wrong, after the injury and the claim, when someone had to work out what had been missed.

Within months it was valued at A$2.2 billion after a further A$99 million round.

SafetyCulture began in about 2004. The idea was close to a simple promise: replace paper checklists and clipboard inspections with a phone. The product that carried it, iAuditor, let a frontline worker walk a site, tick boxes, take photos and file a report on the spot.

The lean years are quiet in public. What is clear is the scale at which the business later stood. In 2021 it raised US$73 million at a US$1.6 billion valuation, with Insight Partners and Tiger Global leading. Within months it was valued at A$2.2 billion after a further A$99 million round. Anear said at the time that the company had been cash-flow positive for the previous 18 months, a small remark that tells you a lot about how it was run.

He framed the money as fuel for turning a checklist app into a wider operations platform. That is the second turn in the story. A tool that begins with one narrow job, inspecting a site, can become the place where all the routine work of a frontline team lives.

The lesson is a modest one. Anear built a company around a problem he had seen from the wrong side for seven years. He did not need to invent the pain. He had been paid to watch it.

The Chronology year by year

  1. 2004
    • founded (one source); 2021 May: US$73m at US$1.6bn
  2. 2021
    • A$99m round lifts valuation to A$2.2bn
  3. 2024
    • aggregator lists ~A$2.5bn valuation (Sept 2024)

The Money Trail how it was funded

  1. Series C ~US$45.5m (Index Ventures, per Index/EHS Daily Advisor headline, year not confirmed)
  2. 2021 May US$73m at US$1.6bn (Insight Partners, Tiger Global)
  3. 2021 later US$99m (Insight Partners) at A$2.2bn

Principal backers: Insight Partners, Tiger Global, Index Ventures

In Their Own Words from the record

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