PanARMENIAN.Net - SuperAnnotate, an AI-driven annotation platform by Armenian specialists for data scientists and machine learning teams, has raised $3 million in a seed round led by Berlin’s Point Nine Capital. Runa Capital and Fathom Capital also joined the investment, as well as previous investors Berkeley SkyDeck Fund and Plug and Play Ventures, Tech.eu reports.
Though the company is based in California, the two founders are from Armenia and each came to Europe for their PhDs, Tigran Petrosyan to ETH Zurich and Vahan Petrosyan to the KTH Royal Institute of Technology in Sweden. The algorithms developed during Vahan’s studies became the basis of SuperAnnotate’s data annotation platform.
Labeled data is key to advances in self-driving cars, retail, healthcare and other industries, but it’s extremely tedious. In a press release, the startup says data preparation and engineering tasks consume over 80 percent of the time spent in most AI and ML projects, adding that the market for data annotation ...
