# Labelr

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.labelr.io
- Latest round: Seed (Sep 1, 2019)
- Investors on record: 2

## About

Labelr, based in Seoul, South Korea, operates in the AI industry, providing advanced data annotation solutions that leverage human intelligence and technology to enhance AI training datasets.Founded in 2017, Labelr specializes in creating high-quality datasets through innovative annotation tools. The company is headquartered in Seoul, South Korea. Minkang Heo is the founder, and Anson Park serves as the CEO. In September 2019, Labelr raised KRW 500.000 mn in a SEED funding round from BonAngels Venture Partners, aimed at accelerating its growth and product development.Labelr specializes in the creation and enhancement of high-quality datasets through the integration of human intelligence and AI technology. Their core offerings include a diverse range of annotation tools tailored for various tasks such as polygon and bounding box annotation, dialogue annotation, and image classification. These tools enable users to efficiently process and refine AI training data, ensuring accuracy and reliability. Labelr serves clients across multiple sectors, including logistics, media, and information technology, providing solutions that support applications like machine reading comprehension, speech classification, and semantic analysis.Labelr's revenue model is primarily structured around B2B partnerships, offering customized solutions and services that cater to the specific needs of their clients. Transactions typically involve service agreements where clients engage Labelr for annotation and data processing tasks, resulting in recurring revenue streams based on project scope and complexity. Client engagement may include tailored workflows and dedicated project management, with pricing structured according to the specific requirements of each project. The company emphasizes fair compensation for its workers, which enhances the quality of the data produced and fosters a sustainable ecosystem for data labeling services. By maintaining high-quality output, evidenced by accuracy rates exceeding 99%, Labelr positions itself as a reliable partner for enterprises aiming to leverage AI capabilities effectively.Labelr plans to launch new products that focus on expanding their annotation capabilities and improving user experience, with specific release dates to be announced. The company is targeting expansion into new markets across North America and Europe by the end of 2023, aiming to increase their global footprint. The recent funding of KRW 500.000 mn will support these initiatives, particularly in product development and market entry strategies. In September 2019, Labelr was selected for an Accelerator Investment-Driven Tech Incubator Program, which will further aid in achieving their growth objectives.

## Funding rounds

- Seed, Sep 1, 2019 — BonAngels Venture Partners, Korea Tech Incubator for Startup

## Investors

- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Korea Tech Incubator for Startup — Seed