Heartex, a San Francisco, CA-based provider of the open source data labeling platform Label Studio, raised $25M in Series A funding.
The round was led by Redpoint Ventures with participation from existing investors, including Unusual Ventures, Bow Capital, and Swift Ventures. Satish Dharmaraj, managing director at Redpoint Ventures, has joined the board.
The company intends to use the funds to further develop its flagship product – data labeling platform Label Studio – in areas such as labeling automation, bias detection and mitigation, and additional quality management and analytics capabilities.
Led by CEO Michael Malyuk, Heartex provides the open source data labeling platform Label Studio,, which supports a wide range of AI use cases, including NLP, Computer Vision, Audio, Time-Series, Multi-Domain, and more. Customers leverage its programmable interface to customize workflows and the interface for each specific dataset. It has over 100,000 software installs and a large community of data-centric AI, ML, and Data Science professionals (4,000+ members and counting).
In 2021, the company released Label Studio Enterprise to meet demand as customers scaled their data-centric AI development, specifically data labeling operations. Heartex Label Studio Enterprise includes expanded operational, quality management, reporting, analytics, and security capabilities required by organizations ready to scale their AI and data science investments.
FinSMEs
19/05/2022