Voxel Announces Strategic Investment from Ericsson

Rhea-AI Summary

Voxel announced a strategic investment from Ericsson Ventures (NASDAQ: ERIC) on October 29, 2025, positioning Ericsson as a partner in Voxel's expansion of computer-vision AI for workplace safety.

Voxel recently closed a $44M Series B led by NewRoad Capital Partners, bringing $64M total funding to date. Management said the Ericsson investment adds global reach and technical expertise to scale Voxel's proactive safety platform. Voxel is hiring across business units and invites customers to book demos.

Positive

• $44M Series B led by NewRoad Capital Partners
• $64M total funding raised to date
• Strategic investment from Ericsson Ventures (ERIC) to add global reach and technical expertise

Negative

• None.

News Market Reaction

+3.48%

17 alerts

+3.48% News Effect

+$1.06B Valuation Impact

$31.50B Market Cap

0.1x Rel. Volume

On the day this news was published, ERIC gained 3.48%, reflecting a moderate positive market reaction. Our momentum scanner triggered 17 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $1.06B to the company's valuation, bringing the market cap to $31.50B at that time.

Data tracked by StockTitan Argus on the day of publication.

Represents Ericsson's latest AI investment as Voxel leads transformation from reactive to proactive workplace safety

SAN FRANCISCO, Oct. 29, 2025 /PRNewswire/ -- Voxel, the computer vision AI company revolutionizing workplace safety and risk, today announced a strategic investment from Ericsson Ventures, part of the Ericsson Group (NASDAQ: ERIC), 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."

Voxel is hiring across all business units and offices. Open positions can be found here. To learn more about the solutions Voxel offers, please book time with our team.

About Voxel
Voxel is revolutionizing workplace safety with its AI-powered site visibility platform, designed to help organizations identify and mitigate risks in industrial environments. Using existing cameras, Voxel transforms basic video footage into actionable insights, enabling organizations to proactively make workplaces safer and more effective.

Voxel partners with businesses across industries such as warehousing, manufacturing, distribution, and insurance. By equipping businesses with the tools to identify risks before they happen, Voxel powers safer, more effective work environments.

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SOURCE Voxel

FAQ

What did Voxel announce on October 29, 2025 regarding Ericsson (ERIC)?

Voxel announced a strategic investment from Ericsson Ventures (NASDAQ: ERIC) to support scaling its workplace safety AI.

How much has Voxel raised in its Series B and total funding as of October 29, 2025?

Voxel completed a $44M Series B and has $64M total funding to date.

Who led Voxel's Series B and which investors participated in the round?

The Series B was led by NewRoad Capital Partners with participation from Eclipse, Rite-Hite, Tokio Marine, MTech, HG Ventures and Whitestone.

What strategic benefits did Voxel cite from the Ericsson investment?

Voxel said the partnership brings global reach and technical expertise to scale its proactive workplace safety platform.

Will Voxel be hiring following the Ericsson investment and Series B?

Yes, Voxel is hiring across all business units and offices and lists open positions on its careers page.

How can customers learn more or engage with Voxel after the investment announcement?

Customers can book time with Voxel's team to learn about solutions and demos.