ANN ARBOR, Mich., Sept. 21, 2022 /PRNewswire/ — Voxel51, a data-centric machine learning software company, announced today that it has raised a $12.5 million Series A funding round from Drive Capital, Top Harvest Capital, Shasta Ventures, and existing investors. The round follows the company’s $2.875M Seed round from eLab Ventures, ID Ventures, and the University of Michigan.
With more than 150,000 monthly active users, Voxel51’s open source technology empowers machine learning model builders to bring transparency and clarity to the datasets they use to build computer vision applications. The recent explosion of computer vision data—there are an estimated 45 billion cameras in the world today—creates a tremendous opportunity for machine learning products, but only if it can be properly organized, indexed, and labeled. Without infrastructure for building high-quality data pipelines, engineers are often forced to misallocate their talents wrangling data.
To address this challenge, Voxel51 is also announcing today the launch of FiftyOne Teams, the company’s enterprise platform that helps organizations bring unbiased machine learning (ML) products to market by unlocking the complexities in their visual datasets, enabling them to understand real-world situations and edge cases. Voxel51’s existing customers are already using the technology to build products in verticals such as retail, security, advertising, agriculture, and robotics.
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