Humanloop, a London, UK-based AI startup that created tools for businesses to integrate natural language processing (NLP) into their applications, closed a $2.6 million (£2.1m) seed funding round.
The seed round was led by the global venture capital firm Index Ventures, with participation by Y Combinator, LocalGlobe, and Albion.
The new funding was put towards the hiring of new engineers.
Company: Humanloop, Inc.
Round: Seed Round
Funding Month: July 2022
Lead Investors: Index Ventures
Additional Investors: Y Combinator, LocalGlobe, and Albion
Company Website: https://humanloop.com/
Software Category: Active Learning Platform for NLP
About the Company: Founded in 2020 by alumni from Amazon and Google, Humanloop is an AI startup that created tools for businesses to integrate natural language processing (NLP) into their applications. Humanloop’s goal is to “democratize” the adoption of artificial intelligence. Humanloop’s technology has been used across various industries, including an algorithm to scan health records to identify candidates for new therapies, moderating comments on Facebook groups, and automatically generating draft responses to customer service inquiries. Humanloop’s mission is to make programming computers as natural as teaching a colleague. Humanloop’s product, called “Programmatic,” is currently used by over 30 companies.
a London-based AI startup that has created tools for businesses to integrate natural language processing (NLP) into their applications has closed a $2.6m (£2.1m) seed funding round.