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.
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.
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.
Company: Voxel Labs, Inc.
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