Data Labeling Platform Labelbox Raises $25 Million

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Labelbox, a firm that provides data labeling and collaboration platforms to train supervised learning models, announced it has landed new funding.

The startup raised $25 million in Series B funding from Andreessen Horowitz, which led the funding in this round. Peter Levine, general partner at AH, will be joining the board of directors at Labelbox.

“We’re thrilled to partner with Manu, Brian, Dan, and the rest of the team to help build a foundational enterprise AI company,” said Levine in a blog statement.

Also participating in the funding are Kleiner Perkins, First Round Capital and Gradient Ventures, all of which were incumbent investors. Anna Patterson, of Gradient Ventures, will also join Labelbox’s board.

“We started Labelbox in early 2018—just under 2 years ago—based on a simple observation: engineers were spending an exorbitant amount of time and effort building data labeling and collaboration platforms from scratch in order to train supervised learning models,” said Labelbox’s blog post announcing the funding agreement.

Labelbox’s customers include Airbus, Hitachi, Genius Sports, Keep Truckin’, American Family Insurance, and Neonode.

 

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