Data is the fuel for machine learning, but the data needs to be accurately labeled for the machines to learn. To that end, data training startup Dataloop yesterday unveiled that it's received $11 million in Series A funding to build SaaS data pipelines that combine human supervision of the data annotation process, along with data management capabilities. Today's computer vision models are extremely powerful, and the ones based on deep learning approaches can exceed human capabilities. From self-driving cars navigating in the world to programs that can accurate diagnose diseases in MRI images, the potential uses for Ais built upon convolutional neural networks are astonishingly wide. However, there's a catch (there always is).
AI data management and annotation startup Dataloop today announced that it raised $16 million in funding, a combination of an $11 million series A round and a previously undisclosed $5 million seed round. A spokesperson says the funds will enable Dataloop to increase its recruitment efforts and grow its presence in the U.S. and Europe. Training AI and machine learning algorithms requires plenty of annotated data. But data rarely comes with annotations. The bulk of the work often falls to human labelers, whose efforts tend to be expensive, imperfect, and slow. Dataloop claims to solve the annotation challenge with a platform for automating data prep and data operations.
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.
Building artificial intelligence (AI) models is not like building software. It requires a constant'test and learn' approach. Algorithms are continually learning and data is being refined -- and as much relevant, high-quality data as possible is key. Data labelling is an integral part of data pre-processing for machine learning. If you're training a system to identify animals in images, for example, you might provide it with thousands of images of various animals from which to learn the common features of each, which would eventually enable it to identify animals in unlabelled images.
In machine learning, training data is the data you use to train a machine learning algorithm or model. Training data requires some human involvement to analyze or process the data for machine learning use. How people are involved depends on the type of machine learning algorithms you are using and the type of problem that they are intended to solve. Training data comes in many forms, reflecting the myriad potential applications of machine learning algorithms. Training datasets can include text (words and numbers), images, video, or audio.