Voxel, a startup using computer vision to transform safety and operations in the workplace, has raised $15m in Series A funding led by Eclipse Ventures.
The round also saw participation from MTech and World Innovation Labs. This latest round of funding brings total equity raised to $18m.
Voxel integrates with existing security cameras to identify hazards, risky behaviours and operational inefficiencies across a diverse range of workplaces. Once an event such as a spill, speeding vehicle, or ergonomics issue is identified, a real-time alert is sent to on-site personnel who can take immediate action.
Voxel said its analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations.
Since raising its seed round in September, Voxel said it has grown by decreasing on-site injuries by upwards of 80% and increasing operational productivity by over 20% at its initial customer sites.
Aidan Madigan-Curtis, partner at Eclipse Ventures and Voxel board member, said, “We are at an inflection point in terms of rebuilding US manufacturing, logistics, and physical operations, which represent over 40% of the US GDP. Voxel’s technology catalyses tangible results and lasting change in the safety and efficiency of their customer’s operations.
“The Eclipse team believes Voxel’s core architecture, which takes a non-intrusive approach by leveraging existing camera infrastructure, and their cutting-edge AI applications will enable Voxel to become a category-leader in software and AI applications across a multi-trillion dollar set of physical-industry sectors.”
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