Total amount raised
$30 Millions
Latest funding date
08/01/2023
Location
Voxel has raised funds through multiple rounds, with the latest being a "Venture - Series Unknown" round on August 30, 2023. The company is backed by investors such as WiL (World Innovation Lab) and Eclipse Ventures.
Voxel's platform leverages AI and computer vision technology to enhance workplace safety and operations. Keep reading to explore the intricacies of Voxel's fundraising journey and the investors backing this innovative platform.
What Is Voxel?
Founded on October 1, 2020, Voxel is a San Francisco-based company specializing in artificial intelligence and computer vision. The company was established by Alex Kaveh Senemar, Anurag Kanungo, Harishma Dayanidhi, and Troy Carlson.
Voxel employs between 51 and 100 people and focuses on revolutionizing workplace safety and operations. Their platform serves a variety of sectors, including major grocers, retailers, manufacturers, and logistics service providers.
How Much Funding Has Voxel Raised?
- Seed Round
- Amount Raised: $3M
- Date: October 2021
- Lead Investors: MTech Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and launch their AI and computer vision platform aimed at enhancing workplace safety.
- Series A
- Amount Raised: $15M
- Date: May 2022
- Lead Investors: Eclipse Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and improve the platform's capabilities.
- Venture Round
- Amount Raised: $12M
- Date: August 2023
- Lead Investors: Rite-Hite
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their AI technology and support growth and expansion efforts.
Total Amount Raised: $30M. Current Valuation: Not publicly disclosed.
Key Investors
- Rite-Hite
- Details: Rite-Hite led the $12 million funding round for Voxel. They are known for their industrial and workplace safety solutions.
- Investment Focus Areas: Industrial safety, workplace efficiency, operational technology.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- Eclipse Ventures
- Details: Eclipse Ventures is an existing investor in Voxel, participating in multiple funding rounds. They typically invest in early-stage technology companies.
- Investment Focus Areas: Industrial technology, enterprise solutions, advanced manufacturing.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- World Innovation Lab
- Details: World Innovation Lab is another existing investor in Voxel. They focus on technology startups with innovative solutions.
- Investment Focus Areas: Technology startups, global impact solutions, innovative technologies.
- Notable Investments: Specific notable investments are not mentioned in the sources.
- MTech Capital
- Details: MTech Capital led the seed round for Voxel, investing $3 million. They focus on technology-driven companies.
- Investment Focus Areas: Technology, insurance technology, financial services.
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Voxel?
Voxel's future looks promising as it continues to integrate AI and computer vision technology into workplace safety systems. With a total of $30 million raised, the company is well-positioned to expand its market reach and enhance its platform's capabilities. The adoption of Voxel's technology by major companies like Michael’s, Dollar Tree, and Clorox underscores the significant market potential.
As the demand for AI-driven safety solutions grows, Voxel may attract further investment to support its expansion. However, the company will need to navigate challenges such as ensuring worker privacy and maintaining the accuracy of its detection systems. Competing in a crowded AI market will also require continuous innovation and strategic partnerships.
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