AI Company Voxel Raises $44 Million in Series B Funding to Scale Real-Time Safety Platform

Voxel, an AI company focusing on workplace safety and risk, has secured $44 million in Series B funding led by NewRoad Capital Partners, along with participation from current investors Eclipse, Rite Hite, Tokio Marine, and MTech, as well as HG Ventures and Whitestone. The funding, bringing the total funding to $61 million, will be used to accelerate research and development and enhance AI capabilities, including real-time computer vision models and data insights.

Voxel aims to prevent work-related incidents by identifying potential hazards and unsafe behaviors in real time, integrating with existing security cameras. The company's platform, deployed by leading enterprises, offers proactive prevention at scale, leading to up to an 80% reduction in high-risk behaviors just months after deployment.

Voxel's growth across logistics, retail, warehousing, and manufacturing is supported by strong performance, backed by a 147% year-over-year growth and adoption by Fortune 500 companies.