HF Risk Management Oy was founded in 2011. The company's founder, Mikko Hietanen, worked in the Finnish Air Force for over 20 years, where he served as an F/A-18 Hornet flight instructor, held various leadership positions in fighter jet operations, and was the chief of flight safety for military aviation. During his career in the Air Force, he conducted numerous accident, damage, and incident investigations.

The company has consulted on modern safety management for various businesses and organizations across different industries, both domestically and internationally.