Argilla, a Madrid, Spain-based maker of the first platform that empowers enterprises to build production-ready natural language processing (NLP) solutions with a unique data-centric labeling platform, announced that it raised $1.6 million in seed funding.
The round was co-led by the first VC firm exclusively focused on investing in AI, Zetta Venture Partners, and a Spanish deeptech VC focused on data infra and devtools, Caixa Capital Risc.
"A recent study by Meta and UCL London found that adding a few high-quality training data examples is more beneficial for model quality than increasing the model size by billions of parameters given that increasing model size has a huge impact on the cost of computing," said Francisco Aranda, co-founder of Argilla. "As a result, we're seeing a shift from model-centric AI to data-centric AI or to put it another way—a shift from data quantity to data quality."
Argilla is the first open-source, data-centric labeling platform to offer the most sophisticated labeling practices while simultaneously being simple enough to integrate with other NLP and MLOps tools.
The platform empowers teams to involve business profiles in the process, ensuring that the models meet all business requirements.
The company has thousands of users across the US, India, Europe, South America, Africa, and Asia. Current customers include Reale Seguros (Italy), Airbus (Germany), and Red Eléctrica de España, Idealista (Spain).
Company: Recognai, S.L.U
Round: Seed Round
Funding Month: January 2023
Lead Investors: Zetta Venture Partners and Caixa Capital Risc
Company Website: https://www.argilla.io/
Software Category: DLabeling Platform
About the Company: Founded in 2017 by Daniel Vila Suero, Ph.D. (AI), and Francisco Aranda, Argilla is a developer of a labeling platform designed for modern machine learning model operationalization management. Argilla empowers enterprises to build robust NLP products through faster data labeling and curation with the easiest-to-use human-in-the-loop and programmatic labeling features. From experimentation to production, Argilla helps domain experts and data teams to build better NLP datasets in less time. Argilla's cloud offering (currently in alpha) will be available in the US and globally in Q1 2023.