Voxel, the computer vision AI company revolutionizing workplace safety and risk, today announced a strategic investment from Ericsson Ventures, part of the Ericsson Group , a world leader in communications technology, offering hardware, software, and services to enable connectivity. This funding marks the latest significant investment Ericsson has made out of their Artificial Intelligence (AI) program.
Voxel recently completed a $44M Series B funding round, which was led by NewRoad Capital Partners with participation from Eclipse, Rite-Hite, Tokio Marine, MTech, HG Ventures and Whitestone. This round brings the company's total funding of $64 million to date.
"This investment represents more than capital - it's a strategic partnership built on shared vision," said Vernon O'Donnell, CEO of Voxel. "Following our Series B, we're focused on scaling our impact, and Ericsson brings both the global reach and technical expertise to help us transform workplace safety across industries worldwide."
Jose Suarez, Head of Ericsson Ventures said, "Ericsson is committed to workplace safety as a core value. Voxel's platform delivers tangible results, reducing workplace incidents and delivering immediate ROI to customers. We are excited to partner with Voxel to help companies protect their most important assets - their people."
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Source: PRNewswire
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