Technology

AI Company iMerit Raises $100M in Series B Funding from Top Investors

iMerit, a company that provides high-quality data atozmp3 annotation services for machine learning and artificial intelligence (AI) applications, has raised $100 million in a Series B funding round. The funding was led by existing investor Insight Partners, with participation from New York-based growth equity firm PSG and US-based venture capital firm Marker LLC. This brings the total amount raised by the company to over $150 million.

iMerit was founded in 2012 with the toonily mission of providing reliable and cost-effective data annotation services to companies looking to train their machine learning and AI models. The company has built a reputation for delivering high-quality and accurate annotations, with a team of over 2,000 trained annotators working across a wide range of industries, including healthcare, e-commerce, and autonomous vehicles.

With this new funding, iMerit plans to expand its services and invest in new technology to improve its annotation capabilities. The company also aims to grow its team of skilled annotators and expand its presence in new markets, particularly in Europe and Asia.

One of the key factors driving iMerit’s success is the growing demand for high-quality data annotation services in the AI and machine learning industries. As more companies look to develop their own AI models, the need for reliable and accurate data annotation services has become masstamilanfree increasingly important.

iMerit’s proprietary platform and advanced machine learning algorithms allow the company to deliver high-quality annotations at scale, enabling its customers to quickly and efficiently train their machine learning models. This has helped the company to establish itself as a leading provider of data annotation services, with a growing customer base that includes some of the world’s largest companies.

In addition to its core data annotation services, iMerit has also been investing in new technologies to improve its annotation capabilities. The company has developed a suite of tools and technologies, including computer vision algorithms and natural language processing tools, to help its annotators work more efficiently and accurately.

This focus on innovation and masstamilan technology has helped iMerit to stay ahead of the curve in a rapidly evolving industry. As the demand for AI and machine learning services continues to grow, iMerit is well-positioned to continue to deliver high-quality data annotation services that help its customers to stay ahead of the competition.

Commenting on the funding round, iMerit CEO Radha Basu said: “We are excited to partner with Insight Partners, PSG, and Marker as we continue to scale our business and bring the power of AI to more companies across the globe. Our vision is to make high-quality data annotation services accessible to everyone, and this funding will help us to achieve that goal.”

The success of iMerit’s latest justprintcard ¬†funding round is a testament to the company’s strong performance and growing reputation in the AI and machine learning industries. With a growing customer base and a strong focus on innovation and technology, iMerit is well-positioned to continue to drive growth and expand its services in the coming years.

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