On May 16, 2024, the Michigan-based visual AI platform startupVoxel51announced it has raised $30 million in Series B funding. The round was led by Bessemer Venture Partners, with participation from Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures.
The company plans to use the raised funds to add support for new data modalities, support larger-scale datasets, and deepen technology integrations. In addition, the company plans to expand its technical, sales, marketing, and support teams.
Voxel51 is led by co-founders Brian Moore and Jason Corso and was founded in 2015. It is a company focused on computer vision that helps enterprises optimize unstructured data. The company's main products include the popular open-source project FiftyOne and the enterprise version FiftyOne Teams. Voxel51's technology is claimed to improve team productivity by up to 50% and improve model accuracy by up to 30%. Its customers include enterprise organizations such as LG Electronics, Berkshire Grey, Precision Planting, RIOS Intelligent Machines, and Forsight, and its technology is used across multiple industries, including agriculture, aviation, driving, healthcare, manufacturing, retail, or security.
(News source:VentureBeat）