Activeloop Raises $11M Series A to Enhance AI Data Management with Deep Lake Database
Activeloop's mission is to make AI more accessible by simplifying the management of unstructured data through its innovative database, Deep Lake
Company Name: Activeloop
Location: Mountain View, CA
Sector: Database for AI
Funding Details: Raised $11M in Series A funding from Streamlined Ventures, Y Combinator, Samsung Next, Alumni Ventures, and Dispersion Capital, bringing total funding to about $20M.
Purpose of Investment: To facilitate the onboarding of additional enterprise customers and empower users to organize complex unstructured data for AI retrieval.
Leadership: Led by CEO Davit Buniatyan
Product: Activeloop offers Deep Lake, an AI database designed to streamline the organization of complex enterprise data like audio, video, images, text, and embeddings for machine learning and LLMs. It's particularly beneficial for Fortune 500 companies in regulated sectors, offering a secure, AI-native embedded architecture that's easy to set up on-premise.
About Company: Activeloop's mission is to make AI more accessible by simplifying the management of unstructured data through its innovative database, Deep Lake. The platform is acclaimed for its capacity to connect vast amounts of data directly to machine learning models and LLMs, ensuring privacy and efficiency for enterprises in regulated industries.