The company has managed to limit its venture investment due to its lean operation, with most of its engineering team based in Indonesia. Lee takes pride in the company's efficiency and considers every hire and its business impact. The recent $4 million investment was led by Initialized Capital, with participation from HNVR, Gold House Ventures, and TenOneTen, bringing the company's total raised funds to $7.9 million.
Key takeaways:
- Datasaur has announced the ability to create a machine learning model directly from label data, making model creation accessible to a less technical audience.
- The company has also secured a $4 million seed extension, following a previous seed of $3.9 million in 2020.
- Founder Ivan Lee aims to democratize AI, particularly around natural language processing, and sees the new model building feature as a way to extend the reach of AI to more companies.
- The company operates with a remote, cross-cultural workforce, primarily in Indonesia, and values the diversity and learning opportunities this brings.