Voxel Aims to Put an End to Workplace Injuries with $3M Seed Funding
Voxel, a technology company with a mission to eliminate workplace injuries, is announcing a $3M seed funding round today, led by MTech Capital with participation from Rite Hite and other leading angel investors.
SAN FRANCISCO, Oct. 26, 2021 /PRNewswire-PRWeb/ -- Voxel, a technology company with a mission to eliminate workplace injuries, is announcing a $3M seed funding round today, led by MTech Capital with participation from Rite Hite and other leading angel investors.
Using state-of-the-art computer vision technology and AI, Voxel integrates with existing security cameras to identify hazards and risky behaviors across a diverse range of workplaces. Once flagged, a real-time notification is provided to on-site personnel who can take action and review detailed analytics to prevent future injuries. The increased site visibility helps to reduce worker's compensation, general liability, and property damage costs, while lowering a company's insurance premiums.
"Safety monitoring can often be a reactive and manual process, and it can be difficult to identify the root cause of injuries," said Anurag Kanungo, CTO of Voxel. "In 2019 alone, US employers spent $171 billion on more than 5 million injuries. Our technology gives them a way to prevent these injuries on a scale that would be nearly impossible to do without it."
Voxel's proprietary algorithms have been trained on thousands of hours of video to recognize risky activities such as missing personal safety equipment, reckless forklift driving, poor posture and ergonomic movements, and spills. The company emphasizes that privacy is a core pillar of its platform, promising that its algorithms do not track any personally identifiable information. Voxel is currently live at multiple Fortune 1000 customers sites across the U.S., with customers already reporting a substantial drop in injuries.
"We believe Voxel's technology is a gamechanger in the category of workplace safety, both in monitoring and risk prevention," said Brian McLoughlin, Co-Founder and Partner at MTech Capital. "We have seen countless workplace safety solutions using wearables and other IoT sensors, but Voxel is the first solution that can drive down insurance costs and improve safety using a company's existing security camera infrastructure. The customer can see a 360 degree view of the worksite with the ability to spot dangerous conditions and intervene in real-time."
Voxel's team is led by CEO Alex Senemar, who previously co-founded Sherbit, an advanced remote health monitoring system for hospitals that was acquired in 2018. The co-founding team consists of CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and worked at Uber's Self Driving Unit, Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, a former Google software engineer.
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About Voxel
Voxel uses artificial intelligence to enable your security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps people safe, while helping companies significantly reduce workers' compensation, general liability, and property claims costs.
Voxel software is transforming operations in the warehousing, manufacturing, retail, transportation, construction, and the oil & gas sectors. A demo is available upon request.
Voxelsafety.com
Media Contact
Alex Senemar, Voxel, +1 (925) 683-8116, [email protected]
SOURCE Voxel
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