CEMEX Ventures announced that it invested an undisclosed amount of capital in PRYSMEX, a Mexico-based startup that offers a solution capable of detecting and helping to prevent workplace accidents through the Internet of Things and real-time data collection.
PRYSMEX’s solution features a web platform with a collaborative management app that monitors the environmental and geolocation variables of unsafe acts and conditions on customized 3D maps, enabling real-time decision-making and increased industry safety and productivity.
The solution marks a fundamental advance in health and safety for the construction sector. Through the Internet of Things, PRYSMEX enables a comprehensive analysis of data such as impacts, light and noise levels, locations, temperatures, and the presence of toxic gases, among others.
Placed on the workers’ helmets, PRYSMEX devices monitor and communicate in real time users’ conditions, alerting them to potential situations and high-risk areas. In addition, its web application provides an analytical report of workers’ and plant conditions, enabling better workplace decision-making and accident prevention at all times.
CEMEX evaluated the solution, and after its successful trial period, installed PRYSMEX technological solution at all its cement plants in Mexico. In addition to CEMEX Ventures’ investment in the application, PRYSMEX will now have access to a wide-ranging portfolio of strategic industry contacts, fostering the execution of new projects in international markets.
Founded by chemical engineer Susana Ruiz and civil engineer Patricio de Villa in Monterrey, Mexico, PRYSMEX was the finalist of CEMEX Ventures Startup Competition 2017 and is now part of the company's portfolio.
Launched in 2017, CEMEX Ventures focuses on helping overcome the main challenges and opportunity areas in the construction ecosystem through sustainable solutions. CEMEX Ventures has developed an open collaborative platform to engage with startups, entrepreneurs, universities, and other stakeholders to tackle the challenges in the construction industry.