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.
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