Israel’s Dataloop announces new funding, plans to double its workforce
The data management and annotation startup discloses a total of $16 million raised in seed and series A round
Meir Orbach | 18:21 14.10.2020
Israeli AI data management and annotation startup Dataloop Ltd., announced Wednesday it has completed an $11 million series A funding round led by Amiti Ventures and participated by F2 Venture Capital, OurCrowd, NextLeap Ventures, and SeedIL Ventures. The investment follows a previously undisclosed $5 million seed round and will enable the company to increase recruitment efforts and grow its presence in the U.S. and European markets. The company, which was founded in 2017 by CEO Eran Shlomo, Chief Product Officer Avi Yashar, and CBO Nir Buschi, employs 35 people in their Herzliya offices and is expected to expand in the upcoming months with a goal of reaching 60 employees within a year. Dataloop counts Descartes Labs, Foresight Automotive, and Transentrix among its clients.