Voxel Raises $12 Million in Funding

by Kay Aloha Villamor in August 31st, 2023

Voxel, a San Francisco, CA-based AI startup using computer vision to transform safety and operations in the workplace, raised $12 million in strategic funding, bringing its total funding to $30 million.

SaaS Investors

The round was led by global manufacturing industry leader Rite-Hite, with participation from existing investors Eclipse Ventures and World Innovation Lab. 

Rite-Hite is a company that manufactures, sells, and services loading dock equipment, industrial doors, safety barriers, HVLS fans, industrial curtain walls, and more—all designed to improve safety, security, productivity, energy savings, and environmental control.

Voxel Use of Funds

The strategic investment will propel Voxel to expand and scale operations.

About Voxel

Voxel is an AI company that uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. ​​Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas.

Funding Details

Company: Voxel Labs, Inc.

Raised: $12.0M

Round: Strategic Funding

Funding Month: August 2023

Lead Investors: Rite-Hite

Additional Investors: Eclipse Ventures and World Innovation Lab

Company Website: https://www.voxelai.com/ 

Software Category: Site Visibility Platform

Source: https://newsdirect.com/news/ai-for-good-voxel-ai-tech-is-saving-industrial-workers-lives-as-it-increases-funding-to-30m-with-strategic-funding-round-550100695

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