SmartGateVC invests in SuperAnnotate AI
We are excited to announce our investment in SuperAnnotate AI, a 10-20x faster and extremely accurate image annotation technology powered by AI.
Annotation is basically the backbone machine learning especially in areas like self-driving car software. Current technology for such object selection heavily relies on a human workforce who has to go through the edges of the objects point-by-point. However, point-by-point selection is not only very time consuming and costly but also is sensitive to human errors.
“SuperAnnotate AI solves all these problems. Instead of point-by-point selection, we provide one-click solution. This not only accelerates the selection process by 10-20 times but also provides extremely accurate selection. This can save millions of dollars for our potential customers like Google, Facebook, Uber, etc. who deal with self-driving car footage, satellite images, drone, security and surveillance footage, medical imaging, etc.” said Tigran Petrosyan, the CEO and co-founder of SuperAnnotate AI.
“Our patented AI powered algorithm allows instantaneous image segmentation and accurate object selection. Segmentation quality increases with increasing number of annotated data and the annotation time per image accelerates with increasing number of annotated images.Given the first frame annotation, our cutting-edge algorithm is also able to track the whole object accurately in the consecutive frames,” said Vahan Petrosyan, the CTO and co-founder of SuperAnnotate AI.
“First of all, as an investor you back winners. Early stage startups are very uncertain but very personal at the same time. Here you work only with people you have respect for and full trust. Very excited to back this amazing team with incredible learning curve!” said Hambardzum Kaghketsyan, Partner at SmartGateVC. “We believe that SuperAnnotate AI can have its significant contribution to the progress in AI as its disruptive technology shifts the image and video annotation to the next level,” said Ashot Arzumanyan, Partner at SmartGateVC. Back in summer, SuperAnnotate AI won the international Sevan Startup Summit 2018 competition held in Armenia. Today, October 13 2018, the team won the pitch competition of HIVE 2018 Tech Summit, where Geoff Ralston of YC, Ilya Fushman of Kleiner Perkins, Andee Gardiner of Startup Embassy, Ilya Golubovich of I2BF Global Ventures, Razmig Hovaghimian of Hoodline, Vahe Kuzoyan and Ara Mahdessian of ServiceTitan, Jake Loosararian of Gecko, Vijay Pandurangan of Benchmark, David Selverian of Bessemer Venture Partners, and Magdalena Yesil of DriveInformed were on the judging panel.
SuperAnnotate AI is looking for Image Annotators. Hence, interested technology enthusiasts with great attention to detail are welcome to join the winning team to tap into solving unique challenges in cool industries such as healthcare, self-driving cars and others.
Stay tuned, more and more amazing news is yet to come! SmartGateVC is building a portfolio of companies to be proud of. About SmartGateVC Backed by Tim Draper and seasoned tech entrepreneurs, SmartGateVC is a venture capital firm targeting companies in Artificial Intelligence, Security and Internet of Things.