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Home Artificial Intelligence

Sama, a Kenyan AI startup, has raised $70 million in a series B funding round. 

Tech Gist Africa by Tech Gist Africa
11/10/2021
in Artificial Intelligence, News - East Africa
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Sama has received $70 million in Series B funding to develop the first end-to-end AI platform that allows teams to manage the entire AI lifecycle from beginning to end.

In addition to all existing investors, the round was led by Caisse de dépôt et placement du Québec (CDPQ), a worldwide investment firm, with participation from First Ascent Ventures and Vistara Growth.

Sama plans to use its new capital to develop the first end-to-end AI platform, which will allow teams to manage the entire AI lifecycle from beginning to end, resulting in speedier development and the elimination of data transmission between products.

“At Sama, we’re dedicated to shaping an accurate, fair, and ethical future of AI,” said Wendy Gonzalez, the company’s CEO. “The market is extremely fragmented, but we’re committed to being the first one-stop-shop for AI development, thanks to our recent investment round and the backing of our investors and community.”

The company also announced the debut of Sama Machine Learning Assisted Annotation MicroModelsTM, a proprietary and patented machine-assisted annotation technique, in addition to the money raise. By enabling one-click human-in-the-loop validation, the solution enables 2-4x more efficient dataset annotation. Clients can construct AI 8 times faster using this method. Most importantly, the technique lowers the entry hurdles for Machine Learning teams with limited or no R&D funding by eliminating the requirement for time-consuming and intensive manual labor.

 

Read more on Tech Gist Africa:

JUMO has raised USD$120 million in its most recent funding round

Semicolon Africa, a Nigerian edtech startup, has raised $1.2 million in seed funding.

Wicrypt, a Nigerian Wi-Fi sharing startup, has raised $1.5 million in funding

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Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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