Tech Company Financing Transactions
Cleanlab Funding Round
Cleanlab, based in Boston, secured $5 million in investment from Bain Capital Ventures.
Transaction Overview
Company Name
Announced On
7/20/2023
Transaction Type
Venture Equity
Amount
$5,000,000
Round
Seed
Investors
Bain Capital Ventures (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand operations and its business reach.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
6 Liberty Sq #97991
Boston, MA 02109
USA
Boston, MA 02109
USA
Phone
Undisclosed
Website
Email Address
Overview
Cleanlab is focused on data-centric AI (DCAI), providing algorithms/interfaces to help companies (across all industries) improve the quality of their datasets and diagnose/fix various issues in them. We develop next-generation DCAI algorithms that we release publicly as open-source software (github.com/cleanlab/cleanlab) as well as enterprise SaaS products with interfaces for data scientists/engineers to effectively improve their data quality and produce more reliable ML models. While many companies can help store/manage data or develop ML models, there exist few solutions today to improve the quality of existing data, which is the core asset of the modern enterprise.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Curtis Northcutt
Chief Scientific Officer
Jonas Mueller
Chief Technical Officer
Anish Athalye
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