Lightly, a Zurich, Switzerland-based tech startup that enables users to build machine learning models, secured $3 million in Seed funding.

The round was led by Wingman Ventures to solve data challenges in machine learning as it plans to launch in Silicon Valley.

Company: Lightly Inc.

Raised: $3.0M

Round: Seed Round

Funding Month: May 2022

Lead Investors: Wingman Ventures

Additional Investors:

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

Software Category: Machine Learning Software

About the Company: Founded in 2020 by Matthias Heller and Igor Susmelj, Lightly is an appropriate data curation tool that helps developers with their data preparation and organization part to improve their machine learning models on the go. Lightly helps companies to build machine learning models fast through data, which is currently the biggest bottleneck in AI development. The data curation tool enables machine learning teams to save time and money on data selection and labeling, whilst at the same time improving the performance of models. Today, the company’s platform is used by Fortune 500 companies and startups in autonomous driving, robotics, and video analytics. Lightly is a YCS21 graduate.

Source: https://newsdirect.com/news/lightly-secures-3m-seed-round-to-clean-up-data-for-machine-learning-605753974