The world of AI and machine learning technology is advancing faster than ever. Companies from all industries are investing in the development of artificial intelligence and machine learning tools to improve the efficiency, accuracy, and speed of data processing. Labelbox is one such company that has been leading this development for over two years now. Recently, Labelbox announced a massive $40 million capital group round led by 79 Ventures and Wiggers VentureBeat. This sizeable investment shows just how far Labelbox has come since its launch in 2018, and also indicates what kind of future lies ahead for the company as well as the entire AI industry.
What is labelbox?
Labelbox is a startup that helps companies train their own AI models. It does this by providing a platform that allows users to label data, which can then be used to train machine learning models.
Labelbox was founded in 2016 by Manu Sharma and Alex Wang. The company is based in San Francisco, CA.
Labelbox has raised a total of $10M in funding from investors such as Google Ventures, Kleiner Perkins, and FirstMark Capital.
What does labelbox do?
Labelbox is a cross-platform, online data annotation tool that enables businesses to train AI models with high-quality training data. The company offers a suite of tools to make it easy to collect, label, and validate data. With Labelbox, businesses can quickly and easily create training datasets for their machine learning models.
How much money has labelbox raised?
Labelbox has raised a total of $3.6M in 3 rounds from 8 investors, according to Crunchbase. The company’s most recent round was a $1.6M seed funding on January 17, 2018.
Prior to that, the company raised a $1.25M Series A on March 7, 2017 from 5 investors, and a $750k pre-seed round on August 10, 2016 from 3 investors.
Who are some of labelbox’s investors?
Some of labelbox’s investors are M Capital Group and Mwiggers. They have both contributed to the company’s success and continue to do so. They believe in the company’s mission and vision, and they are committed to helping labelbox grow and succeed.
What is labelbox’s valuation?
Labelbox’s valuation is $1.1B as of January 2021.
This billion-dollar valuation comes after a $200M Series B funding round led by Sequoia Capital, with participation from GV (formerly Google Ventures) and Bedrock Ventures. This brings Labelbox’s total funding to $410M to date.
With this latest funding round, Labelbox has now raised more money than any other startup in the data annotation space.
What separates Labelbox from other data annotation startups is its focus on enterprise customers. The company has a who’s who list of clients that includes Walmart, Lyft, Microsoft, OpenAI, and many others.
How many employees does labelbox have?
According to Crunchbase, labelbox has 8 employees.
Where is labelbox headquartered?
labelbox is headquartered in San Francisco, California. The company has a team of experts in data annotation and machine learning who work together to help organizations train their AI models.
What are some of labelbox’s competitors?
Labelbox’s main competitors are AI-assisted data labeling services like Google Cloud AutoML Vision, Amazon SageMaker Ground Truth, and Microsoft Azure Custom Vision Service.
Conclusion
It is clear that Labelbox has been very successful in securing a large amount of venture capital. This is great news for the company and its customers, as it allows them to continue innovating and expanding their product offerings. With such heavy hitters like Capital Group, 79mWiggers VentureBeat leading the pack and investing heavily in Labelbox, there is no doubt that this company will go on to be even more successful in the near future.
