Globant Ventures announces investment in LinkedAI
15 Nov 2022
LinkedAI is a Colombian Artificial Intelligence startup that optimizes data labeling for machine learning, guaranteeing solutions in less time, with less effort and with high quality.
BOGOTÁ – November 15, 2022 – Globant Ventures, Globant’s (NYSE: GLOB) global corporate fund, announced an investment in the startup LinkedAI, a Colombian company that developed a data labeling platform to train Artificial Intelligence models. This tool benefits thousands of companies that implement machine learning and create the necessary inputs to train algorithms.
LinkedAi's technology allows, for example, to train algorithms for detecting and diagnosing skin diseases from photographs that patients can take with their cell phones. It can also be applied to e-commerce platforms to suggest products that can increase sales.
“In today's world, data is considered one of the companies' most important assets. However, most companies that use Artificial Intelligence face a big problem since more than 90% of AI projects do not reach production because they do not have the necessary data to train those algorithms”, said Paula Villamarín, CEO of LinkedAI.
This Colombian startup seeks to solve this situation by optimizing data labeling for machine learning, thus guaranteeing a solution in less time, with less effort, and with high quality.
"We continue to invest in projects that seek to reinvent the digital world, simplifying and streamlining processes with disruptive technologies. We are very excited to invest in LinkedAI, a platform that makes use of Artificial Intelligence’s full potential to provide efficient and innovative solutions", explained Gustavo Martello, Managing Partner at Globant Ventures.
LinkedAI has clients in the United States, Spain, France, South Africa, England, Chile, and Colombia. As a result of this $500,000 USD investment round, it will seek to strengthen and consolidate its market in Europe.
“We share the same vision with Globant, focused on the fact that Artificial Intelligence and data analysis are essential for any company’s growth. For us, being able to count on the support of a company with so much experience in the market will be of great help to achieve our goals”, said Diego Parra, CTO at LinkedAI.
We are a digitally native company that helps organizations reinvent themselves to create a way forward and unleash their potential. We are the place where innovation, design, and engineering meet scale.
- We have more than 25,900 employees, and we are present in 21 countries working for companies like Google, Electronic Arts, and Santander, among others.
- We were named a Worldwide Leader in CX Improvement Services by IDC MarketScape report.
- We were also featured as a business case study at Harvard, MIT, and Stanford.
- We are a member of the Green Software Foundation (GSF) and the Cybersecurity Tech Accord.