Datature founders
Singapore-based Datature, which has developed a no-code MLOps platform that allows companies and teams to build breakthrough AI capabilities, has raised US$2.7 million from local VC firm Openspace Ventures.
January Capital also participated in the round.
Datature’s full suite of solutions provides teams with the ability to annotate, augment, train and deploy computer vision models, all without a single line of code. It empowers teams to swiftly create ground truths, perform transfer learning, and deploy AI models.
The firm claims to date, thousands of teams worldwide have leveraged its platform to collaborate, build and deploy breakthrough AI applications in the medical, defense, manufacturing, and retail sectors.
Also Read: How machine learning really impacts us in our daily lives
The latest funding will enable Datature to expand its platform offering to support more widespread use cases, including video analytics, medical and point-cloud data ingestions, and a neural network cloud API for users to deploy AI capabilities anywhere.
“Today, most authoritative and experienced industry experts do not necessarily possess the technical abilities to architect and deploy machine learning solutions. Datature hopes to support the next wave of citizen data scientists and deep-tech teams with a self-serve, end-to-end platform that enables anyone to orchestrate large-scale ML projects,” said Co-Founder Keechin Goh.
Javier Ng, Investor at January Capital, said: “Datature’s platform addresses the two key fundamental barriers of AI adoption: skills shortage and the complexity involved in the development process. By empowering non-technical teams to utilise computer vision, Datature accelerates the time to value for mission-critical use cases.”
The machine learning market is projected to have a CAGR of 43 per cent, achieving US$30.6 billion in 2024.
Openspace is an early-stage tech investor with over US$650 million under management. The company’s investments include GoTo (Gojek), Kumu, Pluang, Biofourmis and Halodoc.
The VC firm has four funds and has offices in Jakarta, Bangkok, Manila, and Ho Chi Minh City.
—
Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.
The post Datature raises US$2.7M from Openspace to allow companies build breakthrough AI capabilities appeared first on e27.