CASE STUDY

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December 22, 2025

December 22, 2025

International State of Safety Tech

Navigating the era of AI safety and online regulation

Security & Online Safety

Challenge

In 2023, Paladin Capital Group commissioned PUBLIC to deliver a multi-year international study of the Safety Tech sector. Despite growing global interest, information on the sector’s size, structure, and direction remained unknown or fragmented across markets, so the project set out to build a clearer picture of the sector worldwide and how it is evolving.

The programme had three core objectives:

  • Improve data: build a high-quality evidence base on Safety Tech companies, sector trends, and new entrants.
  • Increase awareness: share findings with investors, governments, law enforcement, and industry through an annual report.
  • Support growth: help develop the long-term Safety Tech market by making insights more visible and actionable.

The research therefore set out to answer four key questions:

  1. How big is the Safety Tech sector, who operates in it, and where is it growing the fastest?
  2. How are regulations evolving, and how are they shaping demand?
  3. Where is investment flowing, and why?
  4. Which risks and technological shifts matter most?

By 2025, the challenge has evolved. Enforcement of online safety laws, combined with new AI-enabled risks (e.g., deepfakes, synthetic identity fraud, agentic AI), meant the report needed not only to track growth, but also to capture how Safety Tech was expanding into identity, financial fraud prevention, and AI assurance, and what that means for buyers, investors, and regulators.

Approach

PUBLIC worked with Paladin Capital, Perspective Economics, and Dr Mary Aiken to deliver a multi-method research programme combining quantitative analysis with qualitative insight. Each edition builds on the previous one through a core four-stage approach:

  • Comprehensive desk research, reviewing hundreds of academic, policy, and industry sources to identify emerging trends, technological developments, and regulatory changes.
  • Expert interviews, engaging investors, regulators, and Safety Tech providers to ground data in practical experience.
  • Quantitative mapping, tracking the evolving global footprint of Safety Tech companies using Pitchbook, Crunchbase, and bespoke AI-driven datasets.
  • Investment landscape analysis, examining capital flows, market maturity, and investor priorities across regions.

In 2025, this approach was expanded to reflect shifts in the sector. The analysis incorporated cyber-physical systems, fraud and financial safety, and AI safety, introducing an updated definition and taxonomy to capture this broader scope.

Across all editions, PUBLIC has acted as lead researcher and coordination partner, synthesising data and insight into a coherent narrative that supports informed decision-making across industry, government, and investment communities.

Impact

Now in its third year, the ISoST series provides a consolidated and regularly updated evidence base on the global Safety Tech sector. The reports are used by investors, policymakers, and industry stakeholders to understand how the market is developing, where investment and demand are emerging, and how regulation is influencing adoption. The 2024 edition recorded 620+ downloads from PUBLIC’s website and was featured in the industry newsletter Everything in Moderation.

The 2025 edition reflects further shifts in the sector:

  • The dataset expands to 847 Safety Tech providers, with dedicated firms making up 76% of the market.
  • Since 2023, providers have raised $2.7bn across 195 deals, with activity concentrated in AI Safety, Cyber-Physical Systems, and Identity & Age Assurance.
  • The report introduces an updated definition and taxonomy to reflect expansion into identity, fraud/financial safety, AI safety/assurance, and cyber-physical safety.

By combining quantitative analysis with insight from practitioners, the series helps stakeholders navigate a fast-moving space and make informed decisions.

Reach out to the team

Photo by the author

Zixuan Fu

Senior Manager (Digital Governance)

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