Heartex, a San Francisco, California-based data labeling platform for machine learning & data science, secured $25 million in Series A funding.
The round was led by Redpoint, with participation from all our existing investors, Unusual Ventures, Bow Capital, and Swift Ventures.
With the new financing, Heartex will keep investing in the Label Studio community and bring the power of data-centric AI to every organization.
Company: Heartex, Inc.
Raised: $25.0M
Round: Series A
Funding Month: May 2022
Lead Investors: Redpoint
Additional Investors: Unusual Ventures, Bow Capital, and Swift Ventures
Company Website: https://heartex.com/
Software Category: Data Labeling
About the Company: Founded in 2019, Heartex is a data labeling platform for machine learning & data science. Heartex provides the open-source data labeling platform Label Studio, which supports a wide range of AI use cases, including NLP, Computer Vision, Audio, Time-Series, Multi-Domain, and more. Label Studio has been used by more than 100,000 people around the world, including production ML/AI initiatives for large enterprises like Bombora, Geberit, Outreach, Trivago, Zurich Insurance Group, and many more. Heartex’s mission is to help data scientists use data to teach ML/AI models how to make the best predictions.
Source: https://heartex.com/blog/from-20-000-ft-to-25m-how-heartex-is-driving-the-data-centric-ai-movement