Voxel, a San Francisco-based artificial intelligence (AI) workplace safety company, has raised $15 million in new funding.
The new funding led by Eclipse Ventures with participation from MTech and World Innovation Labs will build capacity to manage more operational and security risks and help scale its growth.
Voxel uses vision technology and artificial intelligence to enable security cameras to detect potential workplace hazards, high-risk behaviors and operational inefficiencies in real time. Once an event such as a spill, speeding or usability issue is identified, a real-time alert is sent to on-site personnel who can take immediate action.
Since increasing its funding round in September, the company has grown rapidly by reducing on-site injuries by up to 80% and increasing operational productivity by more than 20%, the company said in a statement. .
“Security and site operations are often a reactive, manual process, where security cameras are reviewed after issues occur,” said Voxel CEO Alex Senemar.
“Many of our customers are seeing an over 80% reduction in on-site injuries, and the impact on their operations has been significant,” said company CTO Anurag Kanugo.
“We are at an inflection point in terms of rebuilding manufacturing, logistics and physical operations in the United States, which accounts for over 40% of US GDP. Voxel’s technology catalyzes tangible results and lasting change in the safety and efficiency of their customers’ operations,” said Aidan Madigan-Curtis, Partner at Eclipse Ventures and Voxel Board Member.
Voxel’s team has grown from eight at the start of 2022 to nearly 30, and the Series A investment will allow Voxel to accelerate its growth even further, according to the company.
Eclipse is one of the leading venture capital organizations in the United States with over $2 billion in assets under management and 70 portfolio companies.