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Voxel secures $44 million in Series B funding to scale its AI platform that detects workplace safety risks using real-time video analysis. The company reports significant results, including a 91% drop in recordable injuries and strong adoption by Fortune 500 clients. Funds will be used to enhance AI capabilities, expand industry-specific insights, and grow the team.
$44 Million That Signals a Shift in Industrial Safety Tech
Voxel announced the close of a $44 million Series B funding round led by NewRoad Capital Partners. The round included participation from Eclipse, Rite Hite, Tokio Marine, MTech, HG Ventures, and Whitestone. With this funding, Voxel has raised a total of $61 million to date. The capital will be directed toward accelerating research and development, refining AI models, expanding insight capabilities, and growing its team of domain experts.
The funding comes on the back of sustained growth. Voxel reported a 147% year-over-year increase in revenue, signaling strong market demand for its AI-powered safety solutions. The company’s platform is designed to improve visibility and actionability in industrial environments where conventional safety methods often fall short.
Why Fortune 500 Companies Are Betting on Voxel
Voxel’s AI platform is already deployed by a number of large enterprises, including Dick’s Sporting Goods, Americold, AGI, Port of Virginia, and Berry Global. These clients span industries such as logistics, retail, warehousing, and manufacturing. Their adoption reflects the increasing need for real-time safety technologies in high-risk, high-velocity environments.
The company reports that customers typically see significant reductions in high-risk behaviors within a few months of implementation. This impact on safety culture and operational performance is central to the growing interest among large industrial operators.
How Voxel’s AI Spots Hazards Before Accidents Happen
Voxel’s technology integrates with existing security camera infrastructure to detect unsafe behaviors and operational inefficiencies in real time. The platform autonomously identifies potential hazards and sends alerts, enabling supervisors to take immediate corrective action. This approach shifts workplace safety from reactive to preventive.
By leveraging computer vision, the system continuously scans for conditions that could lead to accidents, allowing teams to intervene before incidents occur. The platform’s AI models are tailored to the specific workflows and risk profiles of industrial environments.
These Numbers Tell the Story: Growth, Results, and Cost Savings
Voxel’s performance data underlines the platform’s effect across safety and financial metrics:
- 147% year-over-year revenue growth
- 202% net revenue retention
- 91% reduction in recordable injuries
- Over $2.2 million in direct cost savings at a single site within two years
These results indicate not only high customer satisfaction but also tangible reductions in workplace incidents and associated costs.
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From Warehouses to Ports: Where Voxel Delivers Value
The platform is currently used across a variety of sectors, including:
- Logistics and supply chain operations
- Manufacturing facilities
- Ports and customs sites
- Retail and distribution centers
Each deployment is adapted to the operational realities of the environment. Voxel enables visibility in areas where such insight has traditionally been limited, supporting both safety and productivity goals.
Who’s Behind the Push: Investors and Industry Backers
The Series B round was led by NewRoad Capital Partners. Chris Sultemeier, Operating Partner at NewRoad and former EVP of Logistics at Walmart, noted that Voxel is solving a universally understood operational challenge—how to maintain safety in complex industrial settings.
The round also included Eclipse, an early investor, as well as Rite Hite and Tokio Marine. These backers bring experience from industrial manufacturing and insurance, aligning with Voxel’s strategic focus.
Drew Kofeldt, Chief Safety Officer at AGI, described Voxel as a partner rather than a vendor, citing the platform’s ability to build a stronger safety culture and drive efficiency. Gallagher’s James D’Errico emphasized the value of actionable data for risk mitigation and loss prevention.
What’s Next for Voxel’s AI and Safety Platform
The funding will support deeper investments in AI development. Voxel aims to enhance the accuracy and responsiveness of its computer vision systems and expand the scope of its analytics. The company also plans to grow its team with experienced professionals who understand industrial safety and operations.
As Voxel continues to gain traction in the market, its focus remains on delivering real-time visibility, simplifying action for safety managers, and embedding AI into daily operational workflows.
Why This Matters for the Future of Workplace Safety
Despite ongoing investments in safety programs, workplace incidents remain a global issue, with 2.78 million fatalities annually due to work-related causes. Traditional approaches often rely on after-the-fact reporting and incident reviews.
Voxel’s platform enables a shift toward data-driven prevention. By integrating safety into daily operations through automation and real-time alerts, the company is changing how organizations manage risk. The adoption by large-scale enterprises suggests a broader trend toward operationalizing AI in environments where safety is non-negotiable.
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