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Voxel51 Raises $12.5M In Series A Round Of Financing To Improve Computer Vision Data Transparency
With over 150,000 monthly active users, Voxel51's open source platform enables machine learning model builders to add transparency and clarity to the datasets they use to construct computer vision applications.
FREMONT, CA: "We're proud to be at the forefront of this increasingly important area of machine learning development. High-quality, clean data is critical to the success of ML, and we're providing key infrastructure for data-centric model development with an open source product to support everyone in the space." says Jason Corso, Co-Founder, and CEO of Voxel51.
Voxel51, a data-centric machine learning software business, raised $12.5 million in Series A funding from existing and new investors. This round follows eLab Ventures, ID Ventures, and the University of Michigan's $2,875,000 seed investment.
"Voxel51 sits at the intersection of several large markets: AI, Perception, and Automation. Having contributed years of work to the open source FiftyOne project, the founders are deeply technical and are building the type of world class team we look for. Voxel51's platform is a critical piece of the AI stack for any team looking to develop ML products on accurate and diverse data." says Andy Jenks, lead investor, and general partner at Drive Capital.
The current growth of computer vision data—an estimated 45 billion cameras today—presents a significant opportunity for machine learning solutions, but only if they can be structured, indexed, and labeled correctly. Engineers frequently drive to misallocate their skills to data manipulation without infrastructure for constructing high-quality data pipelines.
"Voxel51 immediately stood out for me as an attractive investment because of the quality of the founding team, the quality of the machine learning technology, and the scope of the market opportunity for data-centric AI in image, video, and now 3D data. Voxel51 provides a well-rounded platform for data-centric AI; it has a leading open source solution and now, with FiftyOne Teams, an excellent enterprise companion." says Adam Ghobarah, founder of Top Harvest Capital and former longtime Google executive and partner at Google Ventures.