How Much Did Labelbox Raise? Funding & Key Investors

Labelbox has successfully raised significant funding through five rounds, with notable investors such as Andreessen Horowitz, Snowpoint Ventures, and SoftBank Vision Fund. The most recent Series D round saw participation from six investors, including a lead investment by SoftBank Vision Fund.

Labelbox is recognized as a leading data factory for AI teams, partnering with over 80% of the top AI labs in the US. Keep reading to explore the intricacies of Labelbox's fundraising journey and the investors backing this innovative platform.

What Is Labelbox?

Labelbox, based in San Francisco, California, is a leading data factory for AI teams. The company operates in various fields, including AI Infrastructure, Artificial Intelligence, Computer Vision, Data Collection and Labeling, Enterprise Software, Machine Learning, and Software.

Founded by a team of innovators, Labelbox has grown to employ between 101-250 people. The company partners with over 80% of the top AI labs in the US, providing data solutions for reinforcement learning, custom evaluations, and robotics data.

How Much Funding Has Labelbox Raised?

1. Seed Round
   • Amount Raised: USD 3,900,000
   • Date: July 2018
   • Lead Investors: Kleiner Perkins
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the company and develop its initial data annotation platform.
2. Series A
   • Amount Raised: USD 10,000,000
   • Date: April 2019
   • Lead Investors: Gradient
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
3. Series B
   • Amount Raised: USD 25,000,000
   • Date: February 2020
   • Lead Investors: Andreessen Horowitz
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and accelerate product development.
4. Series C
   • Amount Raised: USD 40,000,000
   • Date: February 2021
   • Lead Investors: B Capital, IQT
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and improve platform features.
5. Series D
   • Amount Raised: USD 110,000,000
   • Date: January 2022
   • Lead Investors: SoftBank Vision Fund
   • Valuation at Round: Over $1 billion
   • Motivation Behind the Round: To accelerate global expansion and engineering innovations.

Total Amount Raised: USD 188,900,000. Current Valuation: Over $1 billion.

Key Investors

• SoftBank Vision Fund
  • Details: SoftBank Vision Fund is a venture capital fund managed by SoftBank Group, known for making large-scale investments in technology companies. It led the Series D funding round for Labelbox.
  • Investment Focus Areas: Technology, AI, robotics, telecommunications, IoT.
  • Notable Investments: Uber, WeWork, ByteDance.
• B Capital Group
  • Details: Co-founded by Eduardo Saverin, B Capital Group is a global investment firm focusing on transformative technology companies. It participated in multiple funding rounds for Labelbox.
  • Investment Focus Areas: Healthcare, fintech, industrials, consumer enablement.
  • Notable Investments: Bird, Icertis, Ninja Van.
• Andreessen Horowitz
  • Details: Andreessen Horowitz is a prominent venture capital firm based in Silicon Valley, investing in both early-stage startups and established growth companies. It has been a key investor in Labelbox.
  • Investment Focus Areas: Consumer, enterprise, bio/healthcare, crypto, fintech.
  • Notable Investments: Facebook, Airbnb, Lyft, Slack.
• Gradient
  • Details: Gradient Ventures is Google's AI-focused venture fund, investing in early-stage startups. It led the Series A funding round for Labelbox.
  • Investment Focus Areas: AI, machine learning startups.
  • Notable Investments: Not publicly disclosed.
• Kleiner Perkins
  • Details: Kleiner Perkins is a venture capital firm that has been investing in early-stage and growth-stage technology and life sciences companies for decades. It led the Seed round for Labelbox.
  • Investment Focus Areas: Technology, life sciences.
  • Notable Investments: Google, Amazon, Twitter.

What's Next for Labelbox?

Labelbox is poised to capitalize on the growing demand for AI and machine learning solutions across various sectors, including agriculture, insurance, healthcare, media, and military intelligence. With a robust platform that enhances data annotation and model performance, the company is well-positioned to serve large organizations with multiple AI use cases. The recent $110 million Series D funding round, led by SoftBank Vision Fund, underscores the significant financial backing and growth potential for Labelbox.

Future fundraising opportunities appear promising as Labelbox continues to expand its market presence and enhance its platform capabilities. The involvement of high-profile investors like SoftBank, Snowpoint Ventures, and Databricks Ventures suggests continued interest and confidence in the company's growth trajectory. As Labelbox scales, it may attract additional investment to further accelerate its global expansion and engineering innovations.

However, Labelbox faces challenges such as competition from other AI and machine learning platforms and the need to continuously innovate to stay ahead in a rapidly evolving industry. Ensuring data quality and addressing biases in training data will be crucial as the company grows. Despite these challenges, Labelbox's strategic partnerships and strong investor backing position it well for future success.

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