Voxel, an applied artificial intelligence company transforming workplace safety through computer vision technology, has announced a strategic investment from Ericsson Ventures, the venture capital arm of the global communications technology leader Ericsson. The funding marks the latest in a series of AI-focused commitments from Ericsson as it continues expanding its footprint in intelligent automation and industrial innovation.
This partnership follows Voxel’s recent $44 million Series B funding round, led by NewRoad Capital Partners and including participation from Eclipse, Rite-Hite, Tokio Marine, MTech, HG Ventures, and Whitestone, bringing the company’s total funding to $64 million. The new investment from Ericsson will support Voxel’s mission to shift workplace safety from a reactive model to a proactive, AI-enabled system, providing real-time visibility and actionable insights to organizations worldwide.
Voxel’s platform uses advanced computer vision and AI analytics to process live video streams from existing security cameras. It automatically identifies unsafe behaviors, potential hazards, and operational inefficiencies, alerting organizations to intervene before accidents occur. By leveraging existing infrastructure, Voxel helps employers reduce risk, improve compliance, and enhance productivity without costly hardware overhauls.
The investment from Ericsson Ventures aligns with the company’s focus on leveraging AI and connectivity to improve operational outcomes across industrial and enterprise sectors. Ericsson brings global scale, technical expertise, and extensive network capabilities that will help Voxel expand internationally and deepen its impact across industries such as manufacturing, logistics, warehousing, and insurance.
Voxel’s AI safety systems have already demonstrated measurable improvements for customers, helping reduce workplace incidents while delivering strong financial returns through lower insurance costs and improved operational efficiency. The company is also expanding its global workforce, with hiring underway across multiple departments to meet the increasing demand for proactive safety technology.
With Ericsson’s backing, Voxel aims to further its mission of enabling safer, more intelligent, and more connected workplaces by integrating cutting-edge AI analytics into everyday operations at scale.
KEY QUOTES:
“This investment represents more than capital – it’s a strategic partnership built on shared vision. 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.”
Vernon O’Donnell, Chief Executive Officer, Voxel
“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.”
Jose Suarez, Head of Ericsson Ventures
