AIMMO bags $12M Series A to advance data labeling technology   – TechMac

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AIMMO bags $12M Series A to advance data labeling technology   – TechCrunch

Most synthetic intelligence fashions are educated by means of supervised studying, which means that people should label uncooked knowledge. Knowledge labeling is a important a part of automating synthetic intelligence and machine studying mannequin, however on the similar time, it may be time-consuming and tedious work.

A Korean startup known as AIMMO, which makes use of software program and people to label and categorize picture, video, sound, textual content and sensor fusion knowledge, constructed an AI knowledge annotation platform, enabling the info labeling sooner for enterprises. 

AIMMO introduced at present it has raised $12 million in a Sequence A spherical to advance its knowledge labeling expertise and spur world expansions. Seven enterprise capital corporations participated within the newest spherical: DS Asset Administration, Industrial Financial institution of Korea, Hanwha Funding & Securities, S&S Funding, Toss funding, Korea Asset Funding & Securities and Enterprise Discipline. AIMMO declined to touch upon its valuation.

“The pandemic accelerated remodeling contactless expertise with AI deployment for intelligence surveillance, sensible metropolis, autonomous driving, sensible manufacturing unit and robotics the place AI knowledge is inevitably wanted,” Doyle Chung, Head of World Gross sales of AIMMO, mentioned in an e-mail interview. “Amongst all of the instructions and industries, our focuses are [mainly] sensible metropolis and autonomous driving.” 

Based in 2016 by chief government officer SeungTaek Oh, the startup has three knowledge annotation instruments: AIMMO DaaS, which manages sensor fusion knowledge for autonomous automobile firms; AIMMO GtaaS, a turnkey-based platform for large knowledge; and AIMMO Enterprises, launched in 2020, a web-based SaaS annotation labeling software utilizing cloud structure.

The startup mentioned its instruments assist enhance the inefficiency of the info annotation course of in order that prospects focus solely on their AI modeling. There’s no platform price, coding abilities and set up required for AIMMO Enterprises that customers can label their knowledge through browsers like Chrome.  As for its AIMMO GtaaS, customers ship uncooked knowledge to AIMMO that labels the info with inspection and delivers it again to the shoppers, Chung mentioned.

By way of the AIMMO DaaS platform,  its gross sales and quantity of its knowledge labeling elevated by 200% in 2021 in comparison with the earlier yr. AIMMO posted $10 million of income in 2021, based on its IR pitch deck. The corporate expects its progress in 2022, with the worldwide demand for the autonomous driving area frequently growing.

ScreenShot | AIMMO web site

The worldwide knowledge assortment and labeling market dimension was valued at $1.6 billion in 2021 and is projected to achieve $8.2 billion in 2028, based on a market evaluation report by Grand View Analysis.  

AIMMO works with an array of firms, together with carmaker Hyundai Motor, automotive elements developer Hyundai Mobis, car-hailing startup Kakao Mobility, car-sharing startup SoCar and autonomous cargo developer ThoreDrive. AIMMO additionally works with non-autonomous automobile firms in robotics, optical character recognition (OCR), sensible manufacturing unit, clever surveillance, e-commerce, and logistics industries, like telco company SK Telecom, web giants Naver and Kakao and Japanese Komatsu.

The Korea-headquartered startup has places of work within the U.Okay, the U.S., Japan and Vietnam. Chung mentioned it additionally plans to open places of work in Germany and Canada in 2022. AIMMO will compete with firms like Scale AI, Playment, Perceive.ai and Deepen AI when it expands additional to the worldwide market. At this time, the startup has 200 staff throughout the globe and greater than 10,000 knowledge labelers.

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