Hasty's agile AI delivers rapid feedback enables the engineers to adapt and validate their approaches.
FREMONT, CA: Hasty, the leading provider of next-gen annotation tools for vision AI practitioners, has raised $3.7 million in seed funding led by Shasta Ventures alongside coparion and iRobot Ventures. The company intends to use the newly raised capital to accelerate product development and expand its customer base across Europe and North America.
Current approaches to data labeling are too slow. They don't train and update the model while labeling, so 80 percent of a data scientist's time is spent finding, cleaning, and organizing the "ground truth" data they rely on to train their neural networks. Therefore, it comes as no surprise that more than half of the vision-based AI projects never make it into production. Machine learning engineers often have to wait three to six months for the first results to see if their annotation strategy and approach are working because of the delay between labeling and model training.
Hasty's next-generation tool speeds up annotation because it trains the model as you label. Hasty's agile AI delivers rapid feedback so engineers can adapt and validate their approach as they work. Hasty gets faster and smarter the more it is used -- delivering increased speed and accuracy the engineers require today. Highlighted features and capabilities include:
• Hasty AI Assistants predict labels just after a few annotated images; the more it's used, the faster it gets resulting in ever-increasing levels of automation. Hasty's neural networks learn while engineers build their datasets, enabling engineers to go from ideal to first model results in a single day.
• Hasty Error Finder & Manual Review detects hidden annotation errors from misclassifications, artifacts, missed objects, and poor segmentation. AI-powered quality control and effectual manual review highlight errors.
• Hasty Rapid Feedback Loop gives short feedback cycles, enabling users to iterate quickly to validate and adapt their approach as they label.
"There are over 750,000 machine learning practitioners today who are working on vision AI topics and spending the majority of their time managing data rather than building and tuning neural networks," said Tristan Rouillard, co-founder and CEO of Hasty. "This represents a $30 billion dollar waste that we aim to tackle head-on. That is why we have created a next-generation annotation tool and community that reduces data prep and management time by 70 percent. We put our customers ahead of the game and significantly increase their ability to bring more successful vision AI projects to market, faster."
Issac Roth, Partner at Shasta Ventures, said, "Vision AI has the power to unlock the future of automation and accelerate the creation of new products and services in a way not seen since the Web Revolution. Hasty's team of engineers understands this and has delivered a best-in-class solution that gets faster and smarter the more it is used – delivering the increased speed and accuracy engineers need to deliver on the promise of vision AI."