Labelbox offers a web service and API helping companies better manage the process of annotating and labelling data used for machine learning (ML). This reduces costly and labour-intensive human data labelling, a major stumbling block for the increasing number of larger companies looking to deploy ML at scale.
Labelbox offers automated labelling as a means of boosting productivity, which puts it in direct competition with Scale AI, a company valued at over $7 billion. Founded in 2018, the relatively young Labelbox will have to find a compelling way of distinguishing itself, such as by addressing the ethical issues faced in data labelling. The company emphasises that its product addresses the problem of bias by working as a sort of auditable record, and offers quality assurance systems to help identify it.
Labelbox has remained focused on streamlining its capabilities to raise its value in line with the rapidly growing market. The company's global expansion efforts have significantly widened its potential client base. The company has also collaborated with Google to make access to its platform easier.
Freddie
Company Specialist at Welcome to the Jungle
