Saturday, February 4, 2023

Dataloop Automates Data Management and Annotation to Accelerate AI Projects

By ET Bureau - November 04, 2022 1 Mins Read

Dataloop, an Israeli startup, has made the announcement that it will offer businesses a complete platform covering every stage of the unstructured data management life cycle for AI projects, from data labeling to production pipeline deployment and weaving the human-in-the-loop.

NGP Capital and Alpha Wave Ventures, who jointly led the company’s series B round of funding, have announced that it has raised USD 33 million. The company has raised a total of USD 50M since its founding (including this round). It claims to have been adopted by a variety of industries, including construction, robotics, agriculture, retail, and robotics. Dataloop intends to expand its footprint with the help of this round of funding.

The business announced that it will build teams in the United States, Europe, and India and expand the Dataloop platform globally.

Also Read: Three Strategies Businesses Can Adopt for Successful Skills-Based Hiring

Read More: Dataloop automates data management and annotation to accelerate AI projects, raises $33M

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