# Samasource Impact Solutions

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/samasource-impact-solutions

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.samasource.com
- Total disclosed funding: $77M
- Latest round: Series A (Nov 4, 2021)
- Investors on record: 8

## About

Samasource Impact Solutions, Inc. is a US-based company providing specialized data annotation solutions that empower the development of AI and machine learning models across various industries, including automotive and retail.Samasource Impact Solutions, Inc. focuses on delivering data annotation services for AI development. Founded in 2008 in San Francisco, US by Leila Remembrance, the company has successfully completed 3 deals, with its most recent funding round occurring on November 4, 2021. This round was a Series A funding of USD 70.000 mn, led by investor CDPQ, with participation from First Ascent Ventures, Salesforce Ventures, and Vistara Growth. The total amount raised by the company is USD 70.000 mn, with a current valuation of USD 215.055 mn.Sama specializes in providing advanced data annotation solutions tailored for the development of machine learning and artificial intelligence models, particularly in the domains of computer vision and generative AI. Their core offerings include high-quality annotation services for 2D and 3D data encompassing text, audio, images, videos, and LiDAR, facilitated by a combination of a trained in-house workforce and machine learning-assisted technologies. The company's solutions address critical use cases such as semantic segmentation, object tracking, and object detection, which are pivotal for industries ranging from automotive to retail and consumer electronics. Their clientele comprises top-tier companies across various sectors, indicating a robust market presence in North America and Europe. Sama's focus on ethical AI practices and a purpose-driven business model further enhances their appeal to customers looking to foster responsible AI development.Sama's revenue model is structured around B2B transactions, primarily involving partnerships with corporate clients who require extensive data annotation services. The firm operates on a project-based pricing structure, engaging clients for specific data annotation projects tailored to their unique needs, which often involve large datasets requiring meticulous attention to detail. The company offers tiered pricing plans based on the scale and complexity of projects, emphasizing high-quality outputs that maintain a 99% first batch acceptance rate. This pricing strategy accommodates both large enterprises and smaller organizations, ensuring flexibility in service delivery while fostering long-term partnerships, empowering clients with precise and reliable data for training their AI models effectively.Following their most recent funding round on November 4, 2021, Samasource Impact Solutions, Inc. will utilize the USD 70.000 mn funding to enhance their end-to-end AI platform, aiming to eliminate data transfer challenges between products. The company plans to launch new products designed to streamline these processes and is targeting expansion into new markets, with specific geographic regions and release dates to be determined. This strategic initiative reflects their commitment to improving operational efficiency and solidifying their presence in the evolving AI landscape.

## Funding rounds

- Series A, Nov 4, 2021, $70M — CDPQ, Salesforce Ventures, Vistara Growth, First Ascent Ventures
- Series A, Nov 12, 2019, $7.1M — Ridge Ventures, BlueCrest Capital Finance, Rubio Impact Ventures, Bestseller Foundation

## Investors

- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A
- BlueCrest Capital Finance — Series A
- Rubio Impact Ventures (https://capitalatlas.ai/funds/rubio-impact-ventures) — Series A
- Bestseller Foundation — Series A
- CDPQ — Series A
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A
- Vistara Growth — Series A
- First Ascent Ventures (https://capitalatlas.ai/funds/first-ascent-ventures) — Series A