Datasaur Books 58 Billion Rupiah Funds from Its Participation in Y Combinator

Data labeling platform developer startup Datasaur announced the acquisition of an investment of $3,9 million or equivalent to 58 billion Rupiah. The total value of the funding includes initial funding $1.1 million received last year from GDP Venture and $2.8 million in additional funding raised after participating demo day in the Y Combinator accelerator program last March. New investors involved include Initialized Capital, Y Combinator, and OpenAI CTO Greg Brockman.

To DailySocial Datasaur founder & CEO Ivan Lee said that most of the funds will be used to recruit talents to strengthen the team. The company also has plans to invest further in the development of intelligent systems, with the aim of increasing the "automation" capability of data labeling, so as to make the data processing process more efficient.

"We also want to expand [product] more widely, [data entry] is not only in text format, but also images and videos," said Ivan.

The increasingly massive trend of using and developing artificial intelligence (AI)-based systems is behind the development Datasaur. Behind every AI algorithm, there are thousands of machine training that are still generally based on “human-labeled training”. Managing and labeling such data is a very tedious, time-consuming and expensive job.

Datasaur tries to help streamline the process through several features. For example features labeling interface intelligence components which can recognize basic data so that the labeler does not need to mark the same data over and over again. There are also team organizing component to manage the data labeling process which is generally done in groups.

Apart from Indonesia, Datasaur also conducts business in California, United States of America.

"To focus our business in Indonesia, in the future Datasaur has plans to help spread the use and adoption of NLP in Indonesia, and become the main industry standard for data labeling in Indonesia," said Ivan.

As one of the startups from Indonesia that is a member of the acceleration program And Combinatorbatch Winter 2020, Ivan got a lot of important experiences and education. Not only validating the business, Datasaur also received a lot of input regarding building a solid team and a more scalable business focus.

In addition to Datasaur, there are also other startups from Indonesia that have also benefited from this batch the. It is BukuWarung, an application for recording financial flows for micro-entrepreneurs in Indonesia. After demo day, they too get enthusiastic investors to participate in providing funds.