Voxel's technology has proven effective, with Americold reporting a 77% reduction in injuries and savings of $1.1 million after implementing the system. The startup plans to expand into more industries and integrate more predictive analytics to pre-empt potential risks. It also aims to expand into markets outside of North America. The company maintains an ethics policy that prohibits the use of facial recognition or the identification of individuals in its systems.
Key takeaways:
- Voxel, a startup that uses computer vision to increase workplace safety, has raised $12 million in strategic funding led by manufacturer Rite-Hite, bringing its total funding since 2020 to $30 million.
- The company's technology integrates with existing security cameras to identify hazards and send real-time alerts to on-site personnel. It is currently used by companies like Michael’s, Dollar Tree, Clorox, PPG Industries and Office Depot.
- After implementing Voxel, Americold saw a 77% reduction in injuries, resulting in savings of $1.1 million. Voxel helped identify and decrease risk factors like speeding forklifts, blindspots and unsafe lifting postures.
- Voxel plans to expand into more industries, integrate more predictive analytics to pre-empt potential risks, and expand into markets outside of North America.