Total amount raised
$2.7 Millions
Latest funding date
7/1/2022
Location
Humanloop has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in providing enterprises with tools to evaluate and manage large language models (LLMs).
Keep reading to explore the intricacies of Humanloop's fundraising journey and the investors backing this innovative platform.
What Is Humanloop?
Founded in 2020, Humanloop is based in San Francisco, California. The company specializes in providing a platform for enterprises to evaluate and manage large language models (LLMs).
Humanloop was founded by David Barber, Emine Yilmaz, Jordan Burgess, Peter Hayes, and Raza Habib. The team brings together expertise in artificial intelligence, machine learning, and human-computer interaction.
With a workforce of 11-50 employees, Humanloop continues to innovate in the AI space, offering tools for prompt management, evaluation, and enterprise AI deployment.
How Much Funding Has Humanloop Raised?
- Seed Round
- Amount Raised: $125K
- Date: August 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI evaluation platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: UCL Technology Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial research and development efforts.
- Seed Round
- Amount Raised: $2.6M
- Date: July 2022
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the engineering team and grow the user base of their Programmatic product.
Total Amount Raised: $2.725M. Current Valuation: Not publicly disclosed.
Key Investors
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They have a strong presence in both Europe and the United States.
- Investment Focus Areas: E-commerce, fintech, enterprise software
- Notable Investments: Dropbox, Slack, Robinhood
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding, advice, and connections to early-stage startups. It has been instrumental in the growth of many successful tech companies.
- Investment Focus Areas: Early-stage startups across various sectors
- Notable Investments: Airbnb, Dropbox, Stripe
- UCL Technology Fund
- Details: UCL Technology Fund is a venture capital fund that invests in intellectual property commercialization and spinouts from University College London (UCL). They focus on translating academic research into commercial success.
- Investment Focus Areas: Intellectual property commercialization, spinouts from University College London (UCL)
- Notable Investments: Not publicly disclosed
- LocalGlobe
- Details: LocalGlobe is a venture capital firm that focuses on seed and impact investments. They aim to support startups that have the potential to make a significant impact.
- Investment Focus Areas: Seed and impact investments in technology and innovation
- Notable Investments: TransferWise, Citymapper, Improbable
- Albion VC
- Details: Albion VC is a venture capital firm that invests in early-stage technology and healthcare companies. They provide both financial support and strategic guidance to their portfolio companies.
- Investment Focus Areas: Early-stage technology, healthcare
- Notable Investments: Quantexa, Healx, Arecor
What's Next for Humanloop?
Humanloop stands at the cusp of significant growth, driven by the increasing demand for AI solutions across various industries. Their Programmatic product, which automates data labeling, is already gaining traction, with over 30 companies on board and a user base growing by more than 10% weekly. This broad applicability in sectors like real estate, healthcare, and customer service presents a vast market opportunity.
As Humanloop continues to expand, future fundraising rounds seem likely, especially given the successful seed funding led by prominent investors. However, challenges such as ensuring model accuracy and competing with other AI startups will require continuous innovation and strategic planning.
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