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Cdpq Leads Us$70 Million Financing Round In Sama, An Ai Training Data Platform

Nov 04, 2021•almost 4 years ago

Amount Raised

$70 Million

MontrealArtificial IntelligenceData And AnalyticsSoftware

Description

Caisse de dépôt et placement du Québec (CDPQ), a global investment group, announced today an investment in Sama, an AI training data platform providing high-quality data to Fortune 2000 companies to power their AI applications. The investment is part of a US$70M funding round led by CDPQ with participation from First Ascent Ventures, Salesforce Ventures, Vistara Growth, in addition to all existing investors.

Company Information

Company

Sama

Location

Montreal, Quebec, Canada

About

Sama provides high-quality training data that powers AI technology. The company's platform is trusted by leading companies such as Google, NVIDIA, GM, and Walmart, to develop accurate machine learning models. Sama specializes in image, video, language, and sensor data annotation and validation for machine learning algorithms and has experience in a variety of industries including autonomous transportation, medtech, agriculture, and retail. Driven by a mission to expand opportunities for underserved individuals through the digital economy, Sama is a certified B-Corp and has helped over 56,000 people lift themselves out of poverty. Its training and employment program were recently validated by an MIT-led Randomized Controlled Trial. For more information, visit www.sama.com.

Funding Insights

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