Artificial intelligence startup Voxel secures $12m investment, taking total funds raised to $30m
Voxel has announced a $12 million funding round led by Rite-Hite with participation from existing investors Eclipse Ventures and World Innovation Lab.
This takes total funds raised to $30 million since 2020.
Voxel integrates computer vision technology into existing security cameras to identify hazards, risky behaviours, and operational inefficiencies across a range of workplaces.
Once potential risks, such as near miss vehicle collisions, blocked exits, improper ergonomics, or spills, are identified, a real-time alert is sent to on-site personnel who can take immediate action, and Voxel's analytics help sites identify operational inefficiencies and design policies to prevent future issues.
In order to protect workers’ privacy, no facial recognition or identification of individuals is permitted in Voxel’s systems.
The likes of Michael’s, Dollar Tree, Clorox, PPG Industries, and Office Depot are using the company’s platform.
Its team is headed up by CEO Alex Senemar, who previously co-founded Sherbit, an AI powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google.
Senemar comments: “AI is saving lives. We’ve proven that our technology has made great strides toward reducing injuries and saving lives. Our approach is going to create worksites where employers don't have to bargain between meeting safety standards and meeting their productivity goals.”
“The future of work is not just about doing more, but doing it safer in an environment fit for purpose.”
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