DatalogyAI, a San Francisco, CA-based startup specializing in data curation for training extensive generative AI models, has raised $11.65 million in seed funding.
SaaS Investors
The round was led by Amplify Partners, with participation from Radical Ventures, Conviction Capital, Outset Capital, and Quiet Capital. Angel investors also include Cohere co-founders Aidan Gomez and Ivan Zhang, Contextual AI founder Douwe Kiela, ex-Intel AI VP Naveen Rao, and Jascha Sohl-Dickstein, one of the inventors of generative diffusion models.
Founded in 2012, Amplify Partners is a venture capital firm based in Menlo Park, California. The firm prefers to invest in early-stage companies operating in information technology, machine intelligence, and infrastructure & developer tools sectors.
DatalogyAI Use of Funds
The funding will primarily support the expansion of DatologyAI's team and the development of its technology.
About DatalogyAI
Founded by Ari Morcos, DatalogyAI specializes in automating dataset curation for AI models like ChatGPT and Google's Gemini. The platform aims to enhance model performance by identifying crucial data, suggesting augmentation techniques, and optimizing dataset organization for training. DatologyAI can scale up to petabytes of data in any format — whether text, images, video, audio, tabular, or more exotic modalities such as genomic and geospatial — and deploys to a customer’s infrastructure, either on-premises or via a virtual private cloud.
Funding Details
Company: DatalogyAI
Raised: $11.65M
Round: Seed Round
Funding Month: February 2024
Lead Investors: Amplify Partners
Additional Investors: Radical Ventures, Conviction Capital, Outset Capital, Quiet Capital: Aidan Gomez, Ivan Zhang, Douwe Kiela, Naveen Rao, Jascha Sohl-Dickstein
Company Website: https://www.datologyai.com/
Software Category: Dataset Curation
Source: https://techcrunch.com/2024/02/22/datologyai-is-building-tech-to-automatically-curate-ai-training-data-sets/