What is Voxel?
Voxel operates at the intersection of artificial intelligence and industrial safety, providing a sophisticated platform that enhances site visibility for large-scale organizations. By integrating with existing camera hardware, the company's software identifies potential hazards and operational inefficiencies, allowing management to intervene before incidents occur. This proactive approach to safety not only protects the workforce but also optimizes operational workflows, making Voxel an essential partner for companies prioritizing digital transformation in their physical facilities. The firm's market position is bolstered by its ability to deliver immediate, measurable ROI through reduced accident rates and improved site compliance.
How much funding has Voxel raised?
Voxel has raised a total of $74M across 4 funding rounds:
Angel/Seed
$3M
Series A
$15M
Other Financing Round
$12M
Series B
$44M
Angel/Seed (2021): $3M with participation from Rite-Hite and MTech Capital
Series A (2022): $15M led by World Innovation Lab, Eclipse, and MTech
Other Financing Round (2023): $12M supported by World Innovation Lab, Rite-Hite, and Eclipse Ventures
Series B (2025): $44M featuring MTech Capital, NewRoad Capital Partners, Eclipse Ventures, and HG Ventures
Key Investors in Voxel
MTech Capital
MTech Capital is a venture capital firm focused on investing in early-stage companies that are addressing challenges in the insurance and financial services sectors, particularly through the application of AI.
NewRoad Capital Partners
NewRoad Capital Partners is an operator-led investment firm that specializes in investing in high-growth companies within the supply chain, logistics, retail, and marketing technology sectors.
HG Ventures
HG Ventures is the corporate venture arm of The Heritage Group, supporting innovation and growth by partnering with high-growth companies to foster a sustainable future.
What's next for Voxel?
With the successful completion of this major enterprise-level funding, Voxel is poised to expand its footprint across global industrial markets. The strategic roadmap likely includes aggressive talent acquisition in machine learning and computer vision, alongside the development of advanced predictive analytics modules. As the company transitions from its scaling phase into a more mature enterprise lifecycle, the focus will shift toward deepening integration with existing industrial IoT ecosystems and expanding its reach into new verticals such as logistics and heavy manufacturing. Investors remain optimistic that Voxel's unique value proposition will continue to drive adoption as organizations increasingly seek data-driven solutions to manage complex safety challenges.
See full Voxel company page
