DataLoop raises $33M Series B round
DataLoop raises $33M Series B round
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What's New at F2 | November Editon

Jodi Joffe

November 29, 2022

Dataloop Raises $33M in Series B funding round

 

Dataloop, which develops software and services for the automation process of data prep, recently closed their Series B funding round at the sum of $33M, bringing their total funding to $50M.

"We are working to break through the limitations of AI development and create efficient workflows, easy-to-use management systems and accurate annotation tools, so teams of all industries can use them,” explains Eran Shlomo, Dataloop co-founder, and CEO.

With hundreds of customers across multiple industries, Dataloop is continuing to grow, and hopes to finish off 2022 by hiring 20 new employees to join their existing team of 60. 

 

Read more about Dataloop’s solution

 

Darrow Ranked #2 Best Startup to Work for in Two Categories by DUNS 100 and Wins Predictive Analytics Platform of the Year

 

Darrow was recently ranked as the #2 best startups to work for in two categories: best place to work for companies with up to 100 employees, and for companies promoting community service policy. The Dun’s 100 awards recognize companies operating under a high standard of achievement.  Workplace quality and company culture are a part of every aspect of a business, and Darrow certainly deserves this kudos. 

 

Darrow also won the 2022 LegalTech Breakthrough award for Predictive Analytics Solution of the Year for their solution that breaks the limits on the scope of data available to lawyers to make smarter litigation decisions.

  

Read more about their awards


Five Sigma Launches New Embedded Performance QA to Optimize Claims Adjusters’ Performance

Emerging leader in cloud-native insurance CMS, Five Sigma has launched an advanced Performance QA tool that enables claims leaders to monitor critical claims operational KPIs and measure the quality of claims handling by its adjusters.

“The main objectives of our intuitive claims management solution are to optimize efficiencies, improve the overall performance of claims adjusters and reduce errors,” said Oded Barak, Five Sigma co-founder and CEO. “Such improvements will reduce insurers’ loss adjustment expenses (LAE) and improve their bottom line.”

Read more on their new tool

 

Tres Partners with Fuse to Simplify Financials for Businesses Transacting With Crypto

Managing and monitoring funds on-chain is still far from frictionless for most businesses. For this reason, Fuse, the open-source platform that connects everyday payments to the blockchain has decided to partner with Tres Finance as they seek to integrate with a blockchain financial data provider.

 

Tres has deployed its tech stack to the Fuse Network blockchain, and the Fuse Foundation has started using the platform for internal accounting and asset management purposes.

 

Read more on this partnership

Download Pre-seed Report
Download Pre-seed Report