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These AI-powered robot overlords are here to keep your warehouse workers safe(r) – TechCrunch

Last year, Voxel raised $3 million to make warehouses safer through AI-supported security cameras. It has been busy working and raising funds in the background to further develop its technology to make warehouses safer and increase operations even further.

The company has grown from eight to 30 employees so far this year, and the fundraiser will further accelerate its investment in talent to double its mission to reduce injuries and workplace injuries. The company told me it had grown “at an unprecedented rate,” reducing on-site injuries by more than 80%. The company claims to have increased operational productivity at its first customer sites by over 20%.

The statistics caught the attention of insurance companies and health and safety-conscious stockists alike. In addition to fewer severed hands in forklift accidents, the company’s goal is to transform risk management and safety in the workplace. The company aims to “fundamentally change the way insurers underwrite risk” and told me it seeks to strengthen the relationship between insurers and their customers through “robust data and actionable intelligence.”

By embracing AI and edge computing, the company is trying to stay on the bright side of burgeoning warehouse unions and privacy concerns. It claims to be committed to privacy and security, and to design its algos to not track any personally identifiable information.

Voxel’s incident report screen. photo credit: voxels

“Site security and operations is often a reactive and manual process, with surveillance cameras being reviewed after problems have arisen,” said Alex Senemar, CEO of Voxel. “Voxel is the first solution to enable organizations to proactively identify key behaviors that lead to costly injuries using their existing camera infrastructure.”

A $15 million Series A funding round was led by Eclipse Ventures with participation from MTech and World Innovation Labs.

This latest round of funding brings total equity raised to $18 million.

“We are at an inflection point in rebuilding US manufacturing, logistics and physical operations, which account for over 40% of US GDP. Voxel’s technology catalyzes tangible results and lasting changes in the safety and efficiency of their customers’ operations,” said Aidan Madigan-Curtis, partner at Eclipse Ventures and board member of Voxel. “The Eclipse team believes that Voxel’s core architecture, which takes a non-intrusive approach by leveraging existing camera infrastructure, and its state-of-the-art AI applications will enable Voxel to become a leading provider of software and AI Multi-trillion dollar applications to become the physical-industrial sectors.”

These AI-powered robot overlords are here to keep your warehouse workers safe(r) – TechCrunch Source link These AI-powered robot overlords are here to keep your warehouse workers safe(r) – TechCrunch

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