The California startup Voxel has raised $44 million in backing for its artificial intelligence (AI) technology that analyzes video feeds, helping organizations prevent accidents by identifying potential hazards and unsafe behaviors in real-time.
Voxel’s platform integrates directly with existing security cameras to detect unsafe behaviors and operational inefficiencies autonomously, the firm said.
“We’re developing AI to support the workers performing demanding jobs day in and day out—on warehouse floors, in factories, in ports–really any industrial environment,” said Vernon O’Donnell, CEO of Voxel. “Leaders don’t need more dashboards or things to do on a daily basis: They need tools that drive action, improve training, and keep teams protected in a way that is part of their daily workflow.”
The “series B” funding round was led by NewRoad Capital Partners with participation from current investors Eclipse, Rite Hite, Tokio Marine, and MTech as well as HG Ventures and Whitestone. This round brings the company’s total funding of $61 million to date.
Voxel said it will use the funding to accelerate R&D and deepen its AI capabilities—enhancing real-time computer vision models and expanding data insights.
