Voxel Secures $44 Million

<p><strong><span class&equals;"legendSpanClass"><span class&equals;"xn-location">SAN FRANCISCO<&sol;span><&sol;span> <&sol;strong>&&num;8212&semi; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4440900-1&amp&semi;h&equals;650939795&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;voxelai&period;com&percnt;2F&amp&semi;a&equals;Voxel" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Voxel<&sol;a><&sol;u>&comma; an AI company specializing in workplace safety and risk&comma; has raised <span class&equals;"xn-money">&dollar;44 million<&sol;span> in Series B funding led by <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4440900-1&amp&semi;h&equals;467174869&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fnewroadcp&period;com&percnt;2F&amp&semi;a&equals;NewRoad&plus;Capital&plus;Partners" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">NewRoad Capital Partners<&sol;a><&sol;u> with participation from current investors Eclipse&comma; Rite Hite&comma; Tokio Marine&comma; and MTech as well as HG Ventures and Whitestone&period; This round brings the company&&num;8217&semi;s total funding of <span class&equals;"xn-money">&dollar;61 million<&sol;span> to date&period;<&sol;p>&NewLine;<p>Voxel plans to use the funding to accelerate R&amp&semi;D and deepen its AI capabilities—enhancing real-time computer vision models and expanding data insights&period; The company will also invest in growing its team of industry experts to ensure Voxel&&num;8217&semi;s customers don&&num;8217&semi;t just benefit from cutting-edge AI solutions&comma; but also decades of applied experience in industrial environments&period;<&sol;p>&NewLine;<p>Despite most companies having a heavy focus on improving safety&comma; <u><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4440900-1&amp&semi;h&equals;1084947413&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;ilo&period;org&percnt;2Ftopics-and-sectors&percnt;2Fsafety-and-health-work&amp&semi;a&equals;2&period;78M&plus;workers" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><span class&equals;"xn-money">2&period;78 million<&sol;span> workers<&sol;a><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4440900-1&amp&semi;h&equals;2000137520&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;ilo&period;org&percnt;2Ftopics-and-sectors&percnt;2Fsafety-and-health-work&amp&semi;a&equals;&percnt;C2&percnt;A0lose&plus;their&plus;lives" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"> lose their lives<&sol;a><&sol;u> every year to work-related incidents globally—a stark reminder that traditional safety approaches fall short&period; Voxel helps organizations prevent accidents before they happen by identifying potential hazards and unsafe behaviors in real-time&comma; enabling supervisors and safety managers to take immediate action&period; By integrating directly with existing security cameras to detect unsafe behaviors and operational inefficiencies autonomously&comma; Voxel makes proactive prevention possible at scale&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We&&num;8217&semi;re developing AI to support the workers performing demanding jobs day in and day out—on warehouse floors&comma; in factories&comma; in ports–really any industrial environment&comma;&&num;8221&semi; said <span class&equals;"xn-person">Vernon O&&num;8217&semi;Donnell<&sol;span>&comma; CEO of Voxel&period; &&num;8220&semi;Leaders don&&num;8217&semi;t need more dashboards or things to do on a daily basis&colon; They need tools that drive action&comma; improve training&comma; and keep teams protected in a way that is part of their daily workflow&period; Our deep commitment to understanding our customers&&num;8217&semi; operations is why they see up to an 80&percnt; reduction in high-risk behaviors just months after deployment&period;&&num;8221&semi;<&sol;p>&NewLine;<p>Deployed by companies like Dick&&num;8217&semi;s Sporting Goods&comma; Americold&comma; AGI&comma; Port of <span class&equals;"xn-location">Virginia<&sol;span>&comma; and Berry Global&comma; Voxel is becoming the trusted partner for leading enterprises across logistics&comma; retail&comma; warehousing&comma; and manufacturing&period; Beyond best-in-class AI&comma; Voxel&&num;8217&semi;s safety platform consolidates AI-generated insights&comma; giving teams clear visibility into emerging risks&period; This allows safety&comma; operations&comma; and HR professionals to address issues before they result in injuries—fundamentally shifting workplace safety from reactive response to proactive prevention&period;<&sol;p>&NewLine;<p>Voxel has reported strong performance across key areas of the business&colon;<&sol;p>&NewLine;<ul >&NewLine;<li><b>Financial Performance&colon;<&sol;b> 147&percnt; year-over-year revenue growth with 202&percnt; net revenue retention&semi;<&sol;li>&NewLine;<li><b>Customer Impact&colon; <&sol;b>91&percnt; reduction in recordable injuries&comma; with one site saving over <span class&equals;"xn-money">&dollar;2&period;2M<&sol;span> in direct costs over a 2-year period&semi; and<&sol;li>&NewLine;<li><b>Market Adoption&colon; <&sol;b>Expansion across retail&comma; logistics&comma; and manufacturing sectors&comma; with five new Fortune 500 clients in Q1 2025&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;Voxel is solving a problem every operator understands—how to keep people safe while running complex&comma; high-velocity environments&comma;&&num;8221&semi; said <span class&equals;"xn-person">Chris Sultemeier<&sol;span>&comma; Operating Partner at NewRoad Capital Partners and former EVP of Logistics at Walmart&period; &&num;8220&semi;Their platform brings real-time visibility to the places it&&num;8217&semi;s been missing for too long&period; The team has built something that works&comma; and the market is ready for it&period;&&num;8221&semi;<&sol;p>&NewLine;<p>&&num;8220&semi;Voxel has fundamentally shifted how we think about safety and operations&period; With real-time insights&comma; we&&num;8217&semi;re not just reacting to incidents—we&&num;8217&semi;re preventing them&period; It&&num;8217&semi;s helped us build a stronger safety culture while driving meaningful efficiency gains&period; Voxel isn&&num;8217&semi;t just a vendor—they&&num;8217&semi;re our AI partner&comma; and our partner for the future&comma;&&num;8221&semi; said <span class&equals;"xn-person">Drew Kofeldt<&sol;span>&comma; Chief Safety Officer&comma; AGI&period;<&sol;p>&NewLine;

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