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Final month, Databricks introduced the creation of Databricks Ventures, a strategic funding automobile to foster the following era of innovation and know-how harnessing the facility of information and AI. We launched with the Lakehouse Fund, impressed by the rising adoption of the lakehouse structure, which is able to assist early and growth-stage firms extending the lakehouse ecosystem or powered by lakehouse. That’s why right now, I’m thrilled to share Databricks Ventures’ first introduced funding: Labelbox.
Labelbox is a number one coaching knowledge platform for machine studying functions. Fairly than requiring firms to construct their very own costly and incomplete homegrown instruments, Labelbox created a collaborative coaching knowledge platform that acts as a command heart for knowledge scientists to collaborate with dispersed annotation groups.
Collectively, Databricks and Labelbox ship a super surroundings for unstructured knowledge workflows. Customers can merely take unstructured knowledge (pictures, video, textual content, geospatial and extra) from their knowledge lake, annotate it with Labelbox, after which carry out knowledge science in Databricks.
Earlier this yr, Labelbox launched a connector to Databricks so prospects can use the Labelbox coaching knowledge platform to rapidly produce structured knowledge from unstructured knowledge, and prepare AI on unstructured knowledge within the Databricks Lakehouse. Labelbox can also be a launch companion for Databricks Associate Join, which provides prospects an excellent simpler method to configure and combine Databricks with Labelbox. Now we have been impressed by the Labelbox crew and the corporate’s momentum since we first began working with them. Investing in Labelbox is a pure subsequent step and solidifies our shared dedication to delivering streamlined, highly effective capabilities for joint prospects to handle unstructured knowledge workflows. Databricks Ventures is worked up to assist Labelbox and our quickly rising variety of joint prospects much more carefully sooner or later.
Try the Labelbox connector for Databricks.
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