logo
logo

Heartex Raises $25 Million Series A To Help Every Company Become A Data-Centric Ai Company

May 18, 2022•about 3 years ago

Amount Raised

$25 Million

Round Type

series a

San Francisco

Description

Heartex, the company behind the leading open source data labeling platform Label Studio, today announced it has raised $25 million in Series A funding, bringing the company's total raised to $30 million. Redpoint Ventures led the round, with participation from existing investors, including Unusual Ventures, Bow Capital, Swift Ventures and some notable angel investors. Satish Dharmaraj, managing director at Redpoint Ventures, has also joined the board. The new funding will be used to further develop its flagship product – data labeling platform Label Studio - in areas such as labeling automation, bias detection and mitigation, and additional quality management and analytics capabilities.

Company Information

Company

Heartex

Location

San Francisco, California, United States

About

Heartex is the company behind the leading open source data labeling platform Label Studio. The inspiration for Heartex came at 20,187 feet. While resting their legs and taking in the majestic views atop the summit of Stok Kangri in the Himalayas, a group of Software Engineers and Data Scientists got to talking about machine learning. They all worked at different companies and in different industries, yet they all shared the same struggle with model accuracy due to poor-quality training data. The team agreed that the only viable solution was to have internal teams with domain expertise be responsible for annotating and curating training data. As the founders began their descent, they agreed to create Heartex and the open source project Label Studio. For more information, visit www.heartex.com.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech