Loop Data reported raising $3.1 Million in an initial SEC Form D filing, from an offering of $12.9 Million

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However, when it comes to building an AI project, a company needs to have plenty of well-annotated data to work with. The company today announced it has raised $33 million in a series B round of funding, led by NGP Capital and Alpha Wave Ventures. “The Dataloop platform helps businesses of any size to move their AI project into production, from start to finish. The company, founded in 2017, first launched annotation capabilities and later expanded to other data management and prep aspects, allowing enterprises to close their data loops faster and shorten the time-to-market for a high-quality AI application. Since its launch, the company has raised a total of $50M (including this round) and roped in customers such as Intel, Toyota, LinkedIn, and Vimeo. The company said it will expand the Dataloop platform globally and build teams in the U.S., Europe and India. To address this challenge, Israeli startup Dataloop provides enterprises with an end-to-end platform that covers the entire unstructured data management life cycle for AI projects, starting from data labeling, automating dataops and deploying production pipelines to weaving the human-in-the-loop.