# Datasaur

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

- Industry: Software
- Headquarters: Sunnyvale, US
- Website: www.datasaur.ai
- Total disclosed funding: $11M
- Latest round: Seed (Dec 9, 2022)
- Investors on record: 6

## About

Datasaur, Inc. is a US-based company specializing in advanced data annotation tools that enhance machine learning processes for businesses across various sectors, including technology and healthcare.Founded in 2019 and headquartered in Sunnyvale, US, Datasaur, Inc. focuses on providing data annotation solutions. The company was initiated by founders Iain Mackie and Ivan Lee, with Ivan Lee currently serving as CEO. In December 2022, Datasaur raised USD 7.88 million in Seed funding led by Initialized Capital, with participation from Hanover Technology Investment Management, Gold House Ventures, and TenOneTen Ventures. This funding round brings the total amount raised to USD 7.88 million, with a current company valuation of USD 19.08 million.Datasaur offers a suite of sophisticated data annotation tools designed to streamline and enhance the machine learning pipeline for businesses across various sectors. Their core offerings include an intuitive platform that allows users to label datasets efficiently, particularly for natural language processing and computer vision applications. By providing features such as collaborative annotation, automated labeling suggestions, and quality control mechanisms, Datasaur aims to address the challenges of data preparation, thereby reducing time and resources invested in model training. The company primarily serves clients within technology, healthcare, finance, and automotive industries, facilitating the annotation of large datasets for applications like sentiment analysis, image recognition, and predictive modeling. Datasaur's solutions are available in key markets, including North America, Europe, and parts of Asia, catering to a diverse clientele of enterprises and startups focused on leveraging AI-driven insights.The revenue model of Datasaur is structured around subscription-based services, allowing clients to access their data annotation platform on a recurring basis. Clients engage in transactions that typically involve tiered subscription plans, where pricing is determined by the volume of data processed and the complexity of the annotation tasks required. This model fosters ongoing relationships with customers, who benefit from continuous access to Datasaur's evolving toolset and support services. Flagship products, such as their advanced annotation suite, are integral to these transactions, enabling businesses to efficiently annotate vast datasets that drive their AI initiatives. The company's revenue is bolstered by partnerships with enterprises that require robust data solutions, ensuring a steady flow of transactions aligned with the growing demand for data-driven decision-making across various industries.In December 2022, Datasaur, Inc. raised USD 7.88 million in Seed funding, led by Initialized Capital, to enhance the effectiveness of data scientists' model-building and NLP data labeling processes. The funding will support the development of new products designed to improve user experience and efficacy in data annotation. Additionally, Datasaur plans to expand its market presence into Europe and Asia by 2024, targeting enterprises seeking robust data solutions to leverage AI-driven insights. This strategic expansion aims to increase their market share and cater to a wider clientele base.

## Funding rounds

- Seed, Dec 9, 2022, $7.9M — Initialized Capital, TenOneTen Ventures, Hanover Technology Investment Management, Gold House Ventures
- Seed, Sep 29, 2020, $2.8M — Y Combinator, Initialized Capital
- Seed, May 23, 2019 — Y Combinator, GDP Venture

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- GDP Venture (https://capitalatlas.ai/funds/gdp-venture) — Seed
- Initialized Capital (https://capitalatlas.ai/funds/initialized-capital) — Seed
- TenOneTen Ventures (https://capitalatlas.ai/funds/tenoneten-ventures) — Seed
- Hanover Technology Investment Management (https://capitalatlas.ai/funds/hanover-technology-investment-management) — Seed
- Gold House Ventures (https://capitalatlas.ai/funds/gold-house-ventures) — Seed