Voxel51, an Ann Arbor, Michigan-based provider of visual AI solutions, has raised a $30 million Series B funding.
Investors
The round was led by Bessemer Venture Partners, with participation from new investor Tru Arrow Partners and existing investors Drive Capital, Top Harvest Capital, Shasta Ventures, and ID Ventures.
Bessemer Venture Partners is a venture capital and private equity firm headquartered in San Francisco, with offices in India, Israel, Hong Kong, and the United Kingdom. The firm invests in enterprise, consumer, and healthcare early-to-late-stage startups.
Voxel51 Use of Funds
The funding will be utilized to scale up Voxel51's go-to-market organization, expand its community, invest in AI research, and accelerate its roadmap to meet the growing market demand for visual AI solutions.
About Voxel51
Founded in 2017 by Jason Corso and Brian Moore, Voxel51 provides a solution to manage, visualize, and work with the data and models necessary for building visual AI applications. Its open-source and commercial software enables teams to build high-quality datasets and computer vision models that power machine learning and artificial intelligence applications. Tens of thousands of engineers and scientists have seamlessly integrated the open-source FiftyOne into their workflows, and it is utilized by enterprise customers across diverse sectors ranging from automotive, robotics, security, and retail to healthcare.
Funding Details
Company: Voxel51, Inc.
Raised: $30.0M
Round: Series B
Funding Month: May 2024
Lead Investors: Bessemer Venture Partners
Additional Investors: Tru Arrow Partners, Drive Capital, Top Harvest Capital, Shasta Ventures, ID Ventures
Company Website: https://voxel51.com/
Software Category: Visual AI
Source: https://www.prnewswire.com/news-releases/voxel51-raises-30m-series-b-funding-to-make-visual-ai-a-reality-302147665.html