Voxel AI increases funding to $30m with latest strategic funding round

1 min read

Voxel, a US start-up that brings computer vision AI to security cameras in industrial facilities to prevent accidents and reduce workplace injuries, has raised an additional $12m in a strategic investment to expand and scale its operations globally.

With this investment, Voxel has now raised $30m in funding since 2020.

Every year over 340m workers suffer a workplace injury: slips and falls, strains and sprains, vehicle collisions and crashes. Voxel looks to transform safety and operations in the workplace, using artificial intelligence to help revolutionise health and safety (EHS) in industrial operations.

Voxel integrates state-of-the-art computer vision technology into existing security cameras to identify hazards, risky behaviours, and operational inefficiencies across a diverse range of workplaces. Once potential risks 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.

This combination of proactive measures allows businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations.

In order to protect workers’ privacy, Voxel’s AI ethics policy means that no facial recognition or identification of individuals is permitted in their systems. Voxel provides its customers with resources for ethically and responsibly implementing AI in the workplace crafted after years of experience developing AI for America’s industrial leaders.

According to Voxel users of its technology have seen up to an 80% reduction in workplace injuries and have been able to substantially improve operational efficiency. A number of Fortune 500 firms are already using and benefitting from Voxel’s platform.

Alex Senemar, CEO and co-founder of Voxel commented, “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”.

Voxel’s team is led 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.