Labelbox Raises $110M in Series D
Labelbox has successfully raised $110M in a Series D at a $1B valuation led by SoftBank Vision Fund 2, B Capital Group, Gradient Ventures, Kleiner Perkins, Databricks Ventures.
Company Overview
Labelbox is a AI/ML company headquartered in 201 3rd Street, San Francisco, CA 94103, founded in 2018 with 250+ employees.
Training data platform for AI
Fundraising Details
- Amount Raised: $110M
- Round Type: Series D
- Valuation: $1B
- Date: 2024-04-24
- Investors: SoftBank Vision Fund 2, B Capital Group, Gradient Ventures, Kleiner Perkins, Databricks Ventures
About Labelbox
Training data platform for AI The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 201 3rd Street, San Francisco, CA 94103
- Founded: 2018
- Team Size: 250+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in Labelbox's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. Labelbox's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Labelbox, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, Labelbox is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-04-24. For more information about Labelbox, visit their headquarters at 201 3rd Street, San Francisco, CA 94103.
