Deep tech company Soter Analytics was started in 2016 to reduce workplace ergonomic injuries in warehouses and factories, drive-down claims costs, boost productivity and improve worker retention using smart safety wearables and AI-driven technologies.

At the most recent OTB Ventures Summit, we caught up with the company's CEO, Matthew Hart, who explained what the company is building - and why it matters.

Soter Analytics serves customers globally in the warehousing, manufacturing and logistics sector, but also has clients in the healthcare, construction, mining and oil & fas industries.

The London, UK-headquartered safety tech company sells hardware devices at a low cost, but the majority of its revenue comes from subscriptions.

With Soter Analytics' solutions, the company claims customers can get up to 86% of reduction in back and shoulder injuries, and achieve up to 67% of reduction in workers compensation costs.

Hart also talks about how injuries can affect workers' personal lives, which is a big part of the reason why Soter Analytics aims to create a safer, healthier, and more productive work environment.

In the interview, Hart also commented on the availability and quality of deep tech talent in Europe, and Eastern Europe in particular.