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Activeloop raised $11M in series A funding led by Streamlined Ventures, Y Combinator, and Samsung Next to standardize AI data storage and processing.

PRIVATEMar 26, 2024

Amount Raised

$11 Million

Round Type

Series A

Mountain ViewSoftwareArtificial IntelligenceMachine LearningImage Recognition

Investors

Samsung NEXTY CombinatorStreamlined Ventures

Description

California-based Activeloop, a startup offering a dedicated database to streamline AI projects, raised $11 million in series A funding. The funding round was led by Streamlined Ventures, Y Combinator, and Samsung Next, with participation from multiple other investors. The company's technology, dubbed 'Deep Lake,' aims to standardize and streamline the storage and processing of unstructured multimodal data for AI applications, offering cost savings and improved productivity for engineering teams.

Who else raised in Image Recognition and Software around the same time

Companies in the same sectors as Activeloop that raised within 45 days of this round, from Fundz verified event records.

  • Celestial AI raised $175M (Series C) on March 27, 2024.
  • Celestial AI raised $174M on March 26, 2024.
  • Recogni raised $102M (Series C) on March 4, 2024.
  • Recogni raised $102M (Series C) on February 21, 2024.
  • Recogni raised $102M (Series C) on February 20, 2024.
  • XTEND raised $40M (Series B) on May 8, 2024.

Who to call at Activeloop, and when

A new round usually means Activeloop is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Activeloop

Location

Mountain View, California, United States

About

Activeloop automatically connects unstructured data like audio, video, image and point cloud data to machine learning models. Deep Lake open-source enables data streaming, scalable machine learning pipelines, and dataset version control for distributed workloads.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Activeloop raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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