Singapore’s information annotation startup Tictag nets US$1.3M pre-Collection A

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Singapore-based Tictag, a startup aiming to make information straightforward and accessible, has raised US$1.3 million in pre-Collection A funding, led by M Enterprise Companions. Investible, East Ventures, Farquhar Enterprise Capital, and Sam Gibb (Managing Accomplice of Decision Ventures) additionally co-invested.

Tictag plans to make use of the cash to speed up its growth throughout Asia and improve its expertise. The startup already has operations in Singapore, South Korea, and Indonesia.

Based in 2019 by Synthetic Intelligence professionals Kevin Quah, Lee Jin and Low Yihang, Tictag goals to resolve the information preparation drawback confronted by corporations working with machine studying fashions. It converts complicated annotation duties into simplified bite-sized, gamified ‘quests’ on a cell app platform.

In different phrases, Tictag reduces the complexity of information annotation and converts information into property by empowering corporations to gather, classify, and annotate information of all sorts precisely whereas sustaining affordability.

Additionally Learn: Variations between AI and Machine Studying, and why it issues

Within the course of, corporations can keep away from heavy funding in creating in-house AI and ML instruments and groups to gather and construction unstructured information.

Tictag, an IMDA Spark firm, helps most information annotation varieties, together with Bounding Polygons, Audio Transcription, and Named Entity Recognition.

On the identical time, Tictag allows its app customers, generally known as Taggers, to earn financial rewards by performing easy information annotation duties wherever, each time.

“With this funding, we’re setting our sights on rising not solely our buyer base however our Tagger base and expertise throughout Asia, tapping into the various experiences of our new strategic buyers,” Quah CEO Tictag stated. “We’re one step nearer to our imaginative and prescient of a world the place everybody can profit from working with information.”

Apart from, Tictag is launching its audio information assortment and picture information assortment options. Corporations needing to type authentic or bespoke high quality audio quickly and picture information datasets can faucet on Tictag’s platform at scale.

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