Voxel Secures Strategic Investment from Ericsson to Enhance Workplace Safety Technology
In a significant move to bolster workplace safety and risk management, Voxel, a pioneering company in computer vision AI, has announced a strategic investment from Ericsson Ventures. This partnership marks Ericsson's commitment to enhancing workplace safety through innovative technology. Voxel is known for its transformative approach to risk reduction, utilizing AI to provide organizations with advanced site visibility and actionable insights.
This new funding comes on the heels of Voxel's recently concluded Series B funding round, which raised a substantial $44 million, bringing the company’s cumulative funding to $64 million. Esteemed partners including NewRoad Capital Partners, Eclipse, and Tokio Marine contributed to this funding round, further validating Voxel's growth potential in the market.
Vernon O'Donnell, CEO of Voxel, expressed that this financial support is far more than just capital; it symbolizes a strategic partnership based on a shared vision of enhancing workplace safety worldwide. The collaboration with Ericsson is expected to scale Voxel’s impact across various industries, leveraging Ericsson’s global network and technical prowess.
Jose Suarez, Head of Ericsson Ventures, highlighted Ericsson's dedication to workplace safety as a fundamental value. He emphasized the effectiveness of Voxel's platform in reducing workplace incidents and providing immediate return on investment for customers. This collaboration is geared toward empowering organizations to protect their most valuable assets—their workforce.
Voxel's innovative site visibility platform provides companies with the capacity to detect risks in real time, utilizing existing surveillance infrastructure. By transforming ordinary video footage into meaningful data, Voxel empowers organizations to act proactively, fostering safer and more efficient work environments. The platform is particularly beneficial for industries such as warehousing, manufacturing, distribution, and insurance, allowing businesses to mitigate potential hazards before they manifest.
The implications of this investment extend beyond just financial backing. Voxel is on a hiring spree, seeking talented individuals across various business units and locations to support its ambitious growth objectives. Recently, the company has expanded its workforce to meet the increasing demand for its safety solutions, signaling a robust future in the industry.
As the workplace landscape evolves, the partnership between Voxel and Ericsson is poised to set new standards in safety technology, with a shared commitment to fostering healthier work environments. Through their combined efforts, both companies aim to lead the charge in transforming industry standards, making safety a top priority in workplaces around the globe.
For organizations looking to enhance their safety protocols and embark on a journey towards a more secure work environment, Voxel is rapidly becoming the go-to solution. Interested companies are encouraged to engage with Voxel to explore how its AI-driven insights can drive workplace safety forward. The ongoing relationship with Ericsson is expected to unlock further innovations in safety technology, promising a future where workplace safety is not just reactive but proactive.
In conclusion, as Voxel and Ericsson join forces, the implications for workplace safety are profound. This strategic investment is a testament to the pivotal role of AI in reshaping workplace dynamics, aiming to protect the most essential component of any organization: its people. The collaboration is not only timely but necessary in an era where workplace safety must be at the forefront of business operations worldwide.
This new funding comes on the heels of Voxel's recently concluded Series B funding round, which raised a substantial $44 million, bringing the company’s cumulative funding to $64 million. Esteemed partners including NewRoad Capital Partners, Eclipse, and Tokio Marine contributed to this funding round, further validating Voxel's growth potential in the market.
Vernon O'Donnell, CEO of Voxel, expressed that this financial support is far more than just capital; it symbolizes a strategic partnership based on a shared vision of enhancing workplace safety worldwide. The collaboration with Ericsson is expected to scale Voxel’s impact across various industries, leveraging Ericsson’s global network and technical prowess.
Jose Suarez, Head of Ericsson Ventures, highlighted Ericsson's dedication to workplace safety as a fundamental value. He emphasized the effectiveness of Voxel's platform in reducing workplace incidents and providing immediate return on investment for customers. This collaboration is geared toward empowering organizations to protect their most valuable assets—their workforce.
Voxel's innovative site visibility platform provides companies with the capacity to detect risks in real time, utilizing existing surveillance infrastructure. By transforming ordinary video footage into meaningful data, Voxel empowers organizations to act proactively, fostering safer and more efficient work environments. The platform is particularly beneficial for industries such as warehousing, manufacturing, distribution, and insurance, allowing businesses to mitigate potential hazards before they manifest.
The implications of this investment extend beyond just financial backing. Voxel is on a hiring spree, seeking talented individuals across various business units and locations to support its ambitious growth objectives. Recently, the company has expanded its workforce to meet the increasing demand for its safety solutions, signaling a robust future in the industry.
As the workplace landscape evolves, the partnership between Voxel and Ericsson is poised to set new standards in safety technology, with a shared commitment to fostering healthier work environments. Through their combined efforts, both companies aim to lead the charge in transforming industry standards, making safety a top priority in workplaces around the globe.
For organizations looking to enhance their safety protocols and embark on a journey towards a more secure work environment, Voxel is rapidly becoming the go-to solution. Interested companies are encouraged to engage with Voxel to explore how its AI-driven insights can drive workplace safety forward. The ongoing relationship with Ericsson is expected to unlock further innovations in safety technology, promising a future where workplace safety is not just reactive but proactive.
In conclusion, as Voxel and Ericsson join forces, the implications for workplace safety are profound. This strategic investment is a testament to the pivotal role of AI in reshaping workplace dynamics, aiming to protect the most essential component of any organization: its people. The collaboration is not only timely but necessary in an era where workplace safety must be at the forefront of business operations worldwide.
Topics Consumer Technology）
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