A number of new industries are developing, and winning big, in the slipstream of the AI boom. One of them is data labelling: the process of identifying raw data and tagging it with labels that will provide informative context for the machine model to learn from. It is proving a lucrative business, and HumanSignal is one of a growing number of startups looking to capitalize on this.
HumanSignal’s principal product is Label Studio, a collaborative data labelling solution with a focus on streamlining team management, relevant access, and data security. With industry leaders such as IBM, Nvidia, and Facebook having already adopted this product, it has certainly made a splash thus far.
HumanSignal has substantial funding under its belt but will have to compete with a large number of new data-labelling startups - some of them also enjoying similar early success. With many heralding data labelling as the new “gold rush”, and the industry spreading worldwide as North American businesses outsource labour abroad, the competition looks fierce but the space will be rewarding for those that win out.
Freddie
Company Specialist at Welcome to the Jungle