SuperAnnotate Raises $14.5 Million To Help Automate The Computer Vision Pipeline

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I'm a reporter covering venture capital, startups and investors out of New York. I was previously a reporter at the Venture Capital Journal and Private Debt Investor. I graduated early from Emerson College in 2017 with a degree in journalism. Follow me on twitter at @rebecca_szkutak or send me an email at rszkutak@forbes.com.

startup SuperAnnotate.For some, the thought of computers gaining the ability to see and make decisions may induce-style nightmares. But for technologists like Tigran and Vahan Petrosyan, brothers from Armenia, it’s the stuff of PhDs. While one brother was working in Switzerland and the other in Sweden, they realized they had the same pain point — the laborious process of capturing and labeling the data necessary to train machines to use computer vision.

After dropping out of their respective programs, the Petrosyans launched software business SuperAnnotate last year to share the tech with others.“It allows us to create larger datasets,” Tigran, now the startup’s CEO, says. “We also help companies manage those datasets, because the quality usually suffers when you are doing this at scale.” SuperAnnotate covers a substantial part of a computer vision project’s life cycle, Tigran adds, helping companies compile, organize and annotate their data.

The SaaS startup raised a $14.5 million Series A round led by Base10 Partners with participation from existing investors Point Nine Capital, Runa Capital and Fathom Capital, among others, as originally reported in. TJ Nahigian, a cofounder and managing partner at Base10 Partners, says his team met SuperAnnotate at its beginnings, when Nahigian judged a pitch competition in Armenia that the brothers won.

According to Petrosyan, one of the startup’s main goals is to make computer vision accessible to non-technical people. “Everyone with a computer and a smart camera can set up their system anywhere they want and have the right infrastructure to build that,” he says. “We want to be that core infrastructure.

 

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