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DateInvestorsAmountRound
N/A

$700k

Seed

$3.0m

Series A

$2.0m

Series B

$7.3m

Series B

$65.0m

Early VC
Total Funding$78.0m

Recent News about CloudFactory

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More about CloudFactoryinfo icon
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CloudFactory is a data labeling and processing company that leverages artificial intelligence (AI) and human expertise to deliver high-quality data annotation services. The company operates in the rapidly growing AI and machine learning market, serving a diverse range of clients from various sectors including healthcare, retail, finance, and geospatial AI initiatives.

CloudFactory's business model is centered around providing managed workforce services for data processing and back-office tasks. They offer AI-assisted labeling and data annotation services, which are crucial for training AI models. The company's services help clients to simplify and accelerate their AI development process, allowing them to bring AI solutions to market faster and gain a competitive edge.

CloudFactory's managed workforce, developed over 25 million hours of data work, is bundled with a best-in-class platform that clients can use or integrate with their own tools. This allows clients to scale their text, audio, and image data annotation needs, optimizing their business operations.

The company also specializes in processing financial documents and data with faster turnaround times, improving risk assessment, and automating retail operations. In the healthcare sector, CloudFactory aids in advancing patient care by building safe, accurate AI models with precise data annotation.

CloudFactory generates revenue by charging clients for their data labeling and processing services. The company's ability to deliver accurate labels five times faster than traditional methods, coupled with their cost-effective data annotations, makes them an attractive choice for businesses looking to unlock the full potential of their digital solutions.

Keywords: Data Labeling, Data Processing, Artificial Intelligence, Managed Workforce, Data Annotation, Business Operations Optimization, Financial Document Processing, Healthcare AI Models, Retail Operations Automation, Geospatial AI Initiatives.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.

Investments by CloudFactory

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Humanoid (Acquired by CloudFactory)
ACQUISITION by CloudFactory Mar 2013
Hasty
ACQUISITION by CloudFactory Sep 2022