Dataloop Raises $33M in Series B Funding

Dataloop, a Tel Aviv, Israel-based technology company that builds data infrastructure and a data operating system for AI companies, raised $33M in Series B funding.

The round was led by NGP Capital and Alpha Wave Ventures, with participation from Amiti Ventures, F2 Venture Capital, and OurCrowd.

The company intends to use the funds for global expansion, specifically by building teams in the US, Europe, and India.

Led by CEO Eran Shlomo, Dataloop provides a platform for businesses of any size to move their AI project into production from start to finish, for uplifting AI effectiveness across many industries including retail, agriculture, robotics, autonomous vehicles, construction, and more.

The data centric platform offers a developer-first full data life-cycle management platform in order to speed up this process. Using Dataloop data pipelines, large-scale unstructured data/meta-data management, and data applications, enterprises can close their data loops faster and shorten the time to market for a high quality AI application.

The company has signed numerous enterprise customers including major brands such as Intel, Toyota, LinkedIn, and Vimeo.

FinSMEs

04/11/2022