Activeloop, a Mountain View, California-based Y Combinator company, seamlessly manages data for deep learning applications, raised $5 million to help data science teams create, store, and collaborate on datasets for deep learning applications.

The seed round is led by 468 Capital and CM Ventures, with participation from Tribe Capital, Shasta Ventures, and angels like Tobias Knaup (CEO of D2IQ) and David Aronchick (co-founder of Kubeflow).

Activeloop’s list of investors also includes the creator of Gmail, Paul Buchheit, SmartGate, and AiSprouts, among others.

Company: Snark AI, Inc

Raised: $5.0M

Round: Seed Round

Funding Month: November 2021

Lead Investors: 468 Capital and CM Ventures

Additional Investors: Tribe Capital, Shasta Ventures, Tobias Knaup, David Aronchick, Paul Buchheit, SmartGate, and AiSprouts

Company Website: https://www.activeloop.ai/

Software Category: Dataset management platform

About the Company: Activeloop, the Database for AI companies, seamlessly manages data for deep learning applications. Activeloop automatically connects unstructured data to machine learning models. Its open-source package Hub (3.3K+ stars) enables data streaming, scalable machine learning pipelines, dataset version control for distributed workloads. Activeloop platform allows companies to easily access, visualize, and improve their datasets to build great models. Activeloop's stack is used by teams at Google, Waymo, and Red Cross. Activeloop is a dataset optimization company with a founding team from Princeton, Google, AWS, Equinix, Tesla backed by Y Combinator.

Source: https://world.einnews.com/pr_news/555014294/activeloop-raises-5m-to-deliver-the-database-for-ai