US-based machine learning technology developer Snorkel AI publicly launched yesterday with $15m from investors including GV, an early-stage investment arm of internet and technology group Alphabet.
The round was also backed by venture capital firm Greylock Partners and In-Q-Tel, the strategic investment affiliate of the US intelligence community, as well as undisclosed additional investors.
Snorkel’s software automatically labels large datasets for training artificial intelligence (AI) algorithms, a task that can take months to perform manually.
Data labelling is required as algorithms observe tagged examples of the job they are to execute before running autonomously, but that task becomes harder when complex or sensitive information is involved.
The startup applies heuristic rules and functions to determine labelling parameters without a human supervising the process. Its clients include unnamed banks, government agencies and enterprise businesses.
The original version of this article appeared on our sister site, Global University Venturing.