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Dataloop Raises $16 Million to Transform the AI Industry

November 24, 2020 by Roni Livneh

Exciting news for ICONYC portfolio company Dataloop, a data management and annotation startup that just last week announced a total of $16 million raised in seed and series A round, which will allow them to accelerate their growth in the US market. ICONYC labs is the first investor in the company back in 2018 and an early believer in the team and its mission.

The $11 million series A funding round was led by Amiti Ventures with participation by F2 Venture CapitalOurCrowdNextLeap Ventures, and SeedIL Ventures. The investment follows a $5 million seed round raised earlier this year.

Dataloop’s customizable advanced SaaS platform uses a combination of machine learning and human input for training and labeling data, to power an organization’s AI systems. The company was founded in 2017 by Eran Shlomo (CEO) Avi Yashar (COO) and Nir Buschi (CBO) and is experiencing rapid growth in customer adoption.

Congrats to this A+ team!

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