Dataloop, a Tel Aviv-based startup that specializes in helping businesses manage the entire data lifecycle for their AI projects, including helping them annotate their datasets, today announced that it has now raised a total of $16 million. This includes a $5 seed round that was previously unreported, as well as an $11 million Series A round that recently closed. The Series A round was led by Amiti Ventures with participation from F2 Venture Capital, crowdfunding platform OurCrowd, NextLeap Ventures and SeedIL Ventures. "Many organizations continue to struggle with moving their AI and ML projects into production as a result of data labeling limitations and a lack of real time validation that can only be achieved with human input into the system," said Dataloop CEO Eran Shlomo. "With this investment, we are committed, along with our partners, to overcoming these roadblocks and providing next generation data management tools that will transform the AI industry and meet the rising demand for innovation in global markets." For the most part, Dataloop specializes in helping businesses manage and annotate their visual data.
Oct-14-2020, 15:30:15 GMT