# Annotell

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/annotell

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.annotell.com
- Total disclosed funding: $31M
- Latest round: Series A (Jan 31, 2022)
- Investors on record: 4

## About

Annotell is a technology company specializing in advanced annotation solutions for the autonomous vehicle industry, offering tools that enhance dataset quality for training self-driving systems.Founded in 2018 in Gothenburg, Sweden, Annotell focuses on delivering innovative annotation services for autonomous driving applications. The company has successfully raised USD 24 mn in its Series A funding round in January 2022, co-led by NordicNinja and Metaplanet Holdings. Daniel Langkilde, one of the founders, currently serves as the CEO, with a background in technology-driven ventures. Annotell has completed a total of 3 funding deals, with its most recent deal aimed at enhancing its operational capabilities and analytics platform.Annotell provides a comprehensive annotation platform tailored for sensor-fusion technologies in the autonomous vehicle sector. Their offerings include advanced tools for creating and verifying high-quality datasets essential for training autonomous systems. The platform supports diverse annotation types, such as bounding boxes and 3D lanes, and utilizes a managed workforce of vetted BPO partners, catering to clients in the automotive industry, including Kodiak Robotics and Zenseact. The company's products are primarily marketed in North America and Europe, serving businesses involved in developing autonomous driving technologies.In 2022, Annotell reported a revenue of USD 7,379,614.50, with an EBITDA of USD -6,511,952.60. The company's revenue model is subscription-based, allowing clients to access its platform and services through tiered pricing plans tailored to their project needs, fostering long-term partnerships in the data management space for autonomous vehicle development.Following the Series A funding round in January 2022, Annotell plans to utilize the USD 24 mn raised to expand its analytics and annotation platform to meet growing customer demand. The company is focused on enhancing its solutions for carmakers to validate self-driving vehicle perception systems. In addition to product development, Annotell aims to penetrate new markets, specifically targeting regions with burgeoning autonomous vehicle sectors, enhancing its footprint in both North America and Europe within the next two years.

## Funding rounds

- Series A, Jan 31, 2022, $24M — NordicNinja VC, Metaplanet Holdings, Ernström & C:o, Stena Sessan
- Series A, Sep 29, 2020, $6.8M — Ernström & C:o, Stena Sessan

## Investors

- Ernström & C:o — Series A
- Stena Sessan (https://capitalatlas.ai/funds/stena-sessan) — Series A
- NordicNinja VC (https://capitalatlas.ai/funds/nordicninja-vc) — Series A
- Metaplanet Holdings (https://capitalatlas.ai/funds/metaplanet-holdings) — Series A