Voxel, a San Francisco startup that uses AI to analyse footage from existing workplace cameras, has added Ventral AI, an AI and computer vision engineering firm focused on industrial automation, to its engineering organisation. Voxel announced the deal on October 13, 2026.
Terms were not disclosed. Voxel described the deal as Ventral AI joining its team, and Axios, as cited by AI Market Watch, reported it as a completed acquisition.
Ventral AI co-founders Matko Kulaš and Luka Žagar are joining Voxel with their engineers. The two companies had worked together for about a year in a strategic partnership, building custom capabilities for Voxel's enterprise customers.
What Ventral AI built
Ventral AI's work centres on computer vision in difficult settings. Voxel highlighted its experience with real-time image analysis from cameras mounted on moving equipment and transport fleets, and with computer vision for data centre buildouts, precision construction sites and heavy industrial environments.
Žagar, Ventral AI's co-founder and chief executive, said the team had seen the potential of combining its expertise with Voxel's operational intelligence platform during the partnership, "enabling enterprise teams to solve complex frontline challenges faster."
Neither company disclosed how many people work at Ventral AI, when it was founded or whether it raised outside funding. Voxel's announcement tied the deal to its European business, saying it strengthens its growing customer base in Europe and gives it access to talent from Europe's top technical universities. Voxel's announcement was headlined as advancing its "System of Reality" capabilities and fuelling its global expansion.
“The Ventral AI team gives us even greater engineering horsepower to meet that demand head on.”
What Voxel does
Voxel's software connects to cameras a business already has and turns the video into what it calls actionable insights, helping companies identify and reduce risks in industrial environments, analyse their causes and respond. It works with businesses in warehousing, manufacturing, distribution and insurance, and lists MSI and Piston Automotive among its customer case studies.
Voxel raised a $44 million Series B in June 2025 led by NewRoad Capital Partners, with Eclipse, Rite-Hite, Tokio Marine, MTech, HG Ventures and Whitestone taking part. Ericsson Ventures made a strategic investment in October 2025, bringing Voxel's total funding to $64 million, the company said.
Voxel ranked No. 71 on the 2026 Inc. 5000 list of fast-growing private US companies and announced a set of executive hires in early October. In May it expanded its San Francisco headquarters to support hiring, and in June 2025 it said its platform had expanded internationally to customers across five continents, according to its newsroom.
Why Voxel is buying
Voxel now describes its product as a "System of Reality", which O'Donnell defined as "a single source of truth" for a company's "entire physical footprint." Ventral AI's work on cameras mounted on moving equipment and fleets extends that idea beyond fixed cameras inside buildings, QUASA noted.
O'Donnell said industrial leaders increasingly want one view of everything happening across their sites. "The Ventral AI team gives us even greater engineering horsepower to meet that demand head on," he said.
O'Donnell told Axios Pro that Voxel is considering raising a Series C of at least $50 million next year, and that cold chain logistics could be a new market, according to QUASA and AI Market Watch. The round has not been committed.
What to watch
Voxel has not published results from the combined team or named a specific data centre deployment. QUASA noted that a single model may not perform the same way across facilities with different layouts, lighting and camera coverage.
O'Donnell said Ventral AI's expertise in complex computer vision "further accelerates the evolution of our operational intelligence platform," QUASA reported. Whether that shows up in new products for European customers and in the cold chain market Voxel is eyeing will be the test of the deal.
