Sama Raises $70 Million in Series B  

by Kay Aloha Villamor in November 5th, 2021

Sama, a San Francisco, California-based AI company delivering accurate data for ambitious AI to Fortune 2000 companies, announced an oversubscribed $70 million in Series B.

The round was led by Caisse de dépôt et placement du Québec (CDPQ), a global investment group, with participation from First Ascent Ventures, Salesforce Ventures, Vistara Growth, in addition to all existing investors.

Sama will be using its new funding to build the first end-to-end AI platform that enables teams to manage the complete AI lifecycle from start to finish, resulting in faster development, and elimination of data transfer between products.

Company: Samasource Impact Sourcing Inc.

Raised: $70.0M

Round: Series B

Funding Month: November 2021

Lead Investors: Caisse de dépôt et placement du Québec (CDPQ)

Additional Investors: First Ascent Ventures, Salesforce Ventures, and Vistara Growth

Company Website: https://www.samasource.com/

Software Category: Training data platform

About the Company: Sama provides high-quality training data that powers AI technology. The company’s platform is trusted by leading companies such as Google, NVIDIA, GM, and Walmart, to develop accurate machine learning models. Sama specializes in image, video, language, sensor data annotation, and validation for machine learning algorithms- has experience in a variety of industries including autonomous transportation, MedTech, agriculture, and retail. Driven by a mission to expand opportunities for underserved individuals through the digital economy, Sama is a certified B-Corp and has helped over 56,000 people lift themselves out of poverty. Its training and employment program were recently validated by an MIT-led Randomized Controlled Trial. 

Source: https://www.webwire.com/ViewPressRel.asp?aId=281176

 


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