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Today: September 29, 2024
May 17, 2024
1 min read

Voxel51 Secures $30M in Series B Round

TLDR:

  • Voxel51, a visual AI company based in Ann Arbor, MI, raised $30M in Series B funding.
  • The funding round was led by Bessemer Venture Partners and included participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures.

Voxel51, a company specializing in visual AI based in Ann Arbor, MI, has successfully raised $30M in Series B funding. The funding round was led by Bessemer Venture Partners, with new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures also participating. The company, led by CEO Brian Moore, plans to utilize the funds to expand its go-to-market operations and accelerate product roadmap. Voxel51 offers both open source and commercial software that allows teams to build datasets and computer vision models for machine learning and AI applications. Its open source platform, FiftyOne, has been integrated into workflows by engineers and scientists, while enterprise customers in various industries such as automotive, robotics, security, retail, and healthcare utilize FiftyOne Teams for secure collaboration on datasets and models. Notable companies using Voxel51’s software include LG Electronics, Berkshire Grey, Precision Planting, RIOS Intelligent Machines, and Forsight.

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