Dataloop, an artificial intelligence data management platform, announced on Thursday that it has raised $33 million (approximately Rs 264 crore) in Series B funding led by NGP Capital and Alpha Wave Ventures.

Existing investors such as Amiti Ventures, F2 Venture Capital, and OurCrowd also participated in the round.
The latest round brings Dataloop’s total funding to $50 million.

The startup intends to use the new funds to expand its global footprint, as well as to build teams in the United States, Europe, and India.
Dataloop, which was founded in 2017, provides a customisable software-as-a-service platform that combines human and machine intelligence to train and label unstructured data to enterprises in India and around the world.

Dataloop had raised $11 million in its Series A round by 2020. Prior to that, it had raised $5 million in seed capital from F2, SEEDIL, and NLV.

Categories: Other News