Labelbox

Labelbox

Labelbox is a training data platform with labeling tools, human workforce, data management, API and automation features for computer vision.

Labelbox is a training data platform for building real-world artificial intelligence and machine learning. The software is built for industrial data science teams for labeling and management of neural network training. Labelbox works to develop high-quality labeled training data in order to reduce machine learning development cycles.

Labelbox was founded in March 2018 in San Francisco by Manu Sharma, Dan Rasmuson, and Brian Rieger.

The platform consists of label editor tools, batch & real-time labeling workflows, collaboration, quality review, analytics, and an optional, fully managed and dedicated labeling workforce.

The training software is primarily designed to combat time and monetary costs associated with engineers and data specialists annotating and labeling data. A 2019 study showed that data preparation and engineering tasks consume over 80% of the time spent on most AI and machine learning projects, and that third-party data labeling is five times more cost-effective than internal efforts.

Labelbox was awarded an Air Force Innovation Hub Network (AFWERX) Phase 1 Small Business Innovation Research (SBIR) Artificial Intelligence Grant by the US Department of Defense on April 9, 2020. The company's customers include American Family Insurance, Lytx, Airbus, Genius Sports, and Keeptruckin.

The startup has received $38.9 million USD in funding from companies including Gradient Ventures, First Round Capital, Kleiner Perkins, and Andreesen Horowitz (a16z).

Timeline

February 2021
Labelbox raises a $40,000,000 series C round from Andreessen Horowitz, B Capital Group, First Round Capital, Gradient Ventures and Kleiner Perkins Caufield & Byers.
January 26, 2021
Labelbox completes a $25 million Series B funding round led by Peter Levine, general partner at Andreesen Horowitz (a16z).
April 26, 2020
Labelbox receives a Small Business Innovation Research grant from the US Department of Defense.
April 9, 2019
Labelbox completes a $10 million Series A funding round, backed by First Round Capital and Gradient Ventures.
April 2019
Labelbox raises a $10,000,000 series A round from First Round Capital and Gradient Ventures.
July 2018
Labelbox completes a $3.9 million USD seed round, backed by Kleiner Perkins, First Round Capital and Gradient Ventures.
July 2018
Labelbox raises a $3,900,000 seed round from First Round Capital, Gradient Ventures and Kleiner Perkins Caufield & Byers.
March 13, 2018
Labelbox, Inc. is founded Manu Sharma, Dan Rasmuson and Brian Rieger.

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Labelbox Series C round February 2021
40,000,000
February 2021
4 Results
Results per page:
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People

Name
Role
LinkedIn

Alex Pattison

Employee

Ali Hussain

Employee

Brian Rieger

Founder

Craig Hosang

Employee

Cyrus Jou

Employee

Daniel Rasmuson

Founder

David Mok

Employee

Jason Stewart

Employee

Jing Nie

Employee

Kyle Owens

Employee

Manu Sharma

Founder

Matthew Hammond

Employee

Nathana Sharma

Attorney

Further reading

Title
Author
Link
Type
Date

Investing in Labelbox

Peter Levine

Blog post

February 4, 2020

Documentaries, videos and podcasts

Title
Date
Link

Why Congress, DoD should focus on training data platforms to make AI tools more valuable | Federal News Network

June 15, 2020

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Crunchbase News
February 11, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Kylie Robison
February 11, 2021
Business Insider
Labelbox announced a $40 million Series C round of funding led by B Capital Group -- bringing the total funding to $79 million.
Manu Sharma
March 10, 2020
Harvard Business Review
Pick your tools and budget accordingly.

References

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