Ankara, Turkey. 13 December 2021. The European Bank for Reconstruction and Development (EBRD) has chosen Ango AI to be part of their startup accelerator program Star Venture.
As part of their Star Venture program, Ango AI will have access to the EBRD’s mentorship and advisory opportunities, as well as access to potential financial sources thanks to the Bank’s vast network of investors and parties interested in advancing the startup ecosystem.
We are thrilled to have been selected to be a part of the Star Venture program, as it confirms yet again that our mission to provide AI teams with high-quality data is more relevant now than ever.
We look forward to working with the EBRD and its partners to advance the cause of high-quality, good AI at scale for everyone.
It is a great pleasure for us to announce that in our sixth month of operation, we have successfully closed our first investment round, raising $720k in capital from our lead investor 500 Startups, and from QNBEYOND Ventures.
At Ango, we offer data labeling services for AI teams. This allows our customers to deploy their AI and ML-based software as quickly as possible. Thanks to our labeling platform Ango Hub and our growing team of expert data labelers, we are able to label and extract meaning from our customers’ data quickly and at the highest possible quality. We then deliver the labels to our customers in the format of their choice.
During our first six months, we delivered more than 3 million labeled assets with a team of over 100 data annotators. Our service sped up our customers’ product development processes by, up to 10 times. This allowed them to get the labeled data they need in a matter of weeks, rather than in months, and to use 100% of their data’s potential.
Among our customers are leaders from a large variety of fields, such as Hepsiburada, QNB Finansbank, Anadolu Sigorta, and Aselsan. Our aim is to offer our data labeling service to AI firms worldwide, in a wide variety of sectors, and for all conceivable data types, such as image, text, audio, and video. To achieve this, we aim to scale our team to more than 3000 labelers by 2022. This will also allow people from this geographical area, MENA, to significantly contribute to the global AI economy.
At this point in time, we will utilize the resources coming from our seed round investment to grow our engineering team, to start global sales, and to fully automate our data labeling pipeline. With the confidence given to us by the performance of our labeling techniques, we will soon be shipping the world’s first data labeling service with a quality guarantee.
In the age of AI, we teach computers how humans perceive the world. Very soon, in software development, the term “programming” will be replaced by the terms “teaching” and “learning.” We are extremely excited to be teaching the AI applications of the future how we see and perceive the world around us.
“AI is a newborn child, still learning how the world works. We, humans, shoulder a great responsibility during this teaching and learning process. As Ango, we have set ourselves the goal of transferring the collective intelligence of humanity to artificial intelligence in the highest resolution, most error-free, and fastest way possible.” Gökalp & Gökhan, CEO and COO of Ango AI.