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Based in 2016, AIMMO has launched a sequence of knowledge annotation instruments aimed toward supporting the transition to a wiser, AI-powered future. Now, the corporate has introduced its first funding spherical: a Sequence A that succeeded in elevating $12 million to assist the corporate develop on a world stage. The spherical included participation from DS Asset Administration, Hanwha Funding & Securities, Industrial Financial institution of Korea, Korea Asset Funding & Securities, S&S Funding, Toss Funding, and Enterprise Subject.
South Korea-based AIMMO’s AI-powered knowledge annotation is predicated on Microsoft Azure infrastructure and consists of AIMMO Enterprise, launched in late 2020 (its new flagship product) and AIMMO Annotation Workforce Service (a completely managed labeling service), together with different merchandise tailor-made for extra particular functions. Its merchandise are in use in initiatives throughout Japan, Korea, the U.Ok., and the U.S. The corporate additionally has an workplace in Vietnam and, per an interview with TechCrunch, plans to open workplaces in Canada and Germany this yr.
AIMMO’s instruments and companies provide good labeling, LiDAR knowledge visualization, undertaking administration, object detection, segmentation, and extra. Its merchandise have present makes use of spanning functions together with video surveillance, x-ray picture segmentation, facial recognition, retail object monitoring, and extra.
AIMMO has additionally carved out a next-generation area of interest for itself by making a specific buyer of autonomous automobile corporations, highlighting use circumstances for EV-charging robots, LiDAR object detection, automobile digital camera object detection, freeway piloting, auto-parking, and even autonomous drone flight. Its most distinguished buyer for these vehicular functions is Hyundai, which engages with AIMMO by way of Hyundai Motor (its carmaking department) and Hyundai Mobis (its automotive components department).
Doyle Chung, the pinnacle of worldwide gross sales for AIMMO, highlighted the rising want for AIMMO’s merchandise amid the Covid pandemic.
“The pandemic accelerated remodeling contactless expertise with AI deployment for intelligence surveillance, good metropolis, autonomous driving, good manufacturing facility, and robotics the place AI knowledge is inevitably wanted,” Chung informed TechCrunch. “Amongst all of the instructions and industries, our focuses are [mainly] good metropolis and autonomous driving.”
“The panorama of [the] AI trade has modified quickly with a higher want in coaching and labeling knowledge,” AIMMO stated in a press launch on the launch of AIMMO Enterprise. “AIMMO Enterprise goes with wants in [the] AI trade as a hassle-free self-service knowledge platform for higher agility, accuracy, and effectivity.”
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