What is Labelbox?
Founded in 2018 and headquartered in San Francisco, California, Labelbox operates as a central hub designed to streamline the interface between human annotators and artificial intelligence systems. Its platform is specifically tailored for computer vision machine learning applications, providing a collaborative environment for the creation and management of training data. By facilitating efficient and accurate data labeling, Labelbox empowers organizations to build more robust and effective AI models, positioning itself as a critical enabler in the AI development lifecycle.
How much funding has Labelbox raised?
Labelbox has raised a total of $188.9M across 5 funding rounds:
Angel/Seed
$3.9M
Series A
$10M
Series B
$25M
Series C
$40M
Series D
$110M
Angel/Seed (2018): $3.9M with participation from Kleiner Perkins
Series A (2019): $10M led by VCs
Series B (2020): $25M supported by Andreessen Horowitz, First Round Capital, Gradient Ventures, and Kleiner Perkins
Series C (2021): $40M featuring B Capital Group
Series D (2022): $110M backed by Databricks Ventures, Snowpoint Ventures, and Softbank Vision Fund
Key Investors in Labelbox
Softbank Vision Fund
SoftBank Vision Fund is a global investment fund that supports founders in building market-leading companies through its extensive ecosystem and capital resources. The fund focuses on the transformative power of technology, particularly in the AI sector, investing in hardware, infrastructure, and applications that drive innovation.
B Capital Group
B Capital is a venture capital firm that focuses on empowering entrepreneurs by investing in early and late-stage companies within the Technology, Healthcare, and Climate sectors. With over $8 billion in assets under management and a portfolio comprising more than 190 companies, B Capital aims to support founders throughout the company-building lifecycle.
Andreessen Horowitz
Andreessen Horowitz is a venture capital firm that invests in technology companies. The firm is known for its active involvement with its portfolio companies, providing strategic guidance and operational support to help them scale and succeed.
What's next for Labelbox?
The substantial enterprise-level funding, including the recent major strategic investment, positions Labelbox for accelerated growth and innovation. This capital infusion is expected to fuel advancements in its collaborative training data platform, potentially expanding its capabilities to encompass a broader range of AI applications beyond computer vision. Strategic investments often signal a focus on scaling operations, enhancing product development, and potentially exploring new market opportunities or strategic partnerships. Labelbox is poised to further solidify its market position as a leader in AI data infrastructure.
See full Labelbox company page
