Humanloop completes $2.6m seed funding round

UCLTF portfolio company, Humanloop, completed a $2.6 million (£2.1 million) seed funding round led by Index Ventures, with participation by Y Combinator, LocalGlobe, and AlbionVC.

The University College AI spinout claims to make it “significantly” easier for companies to adopt a new wave of NLP technology via a suite of tools which helps humans ‘teach’ AI algorithms.

Founded in 2020 by a team of computer scientists from UCL and Cambridge, and alumni of Google and Amazon, Humanloop’s applications might include building a picture of a national real estate market from unstructured data on the internet; reading through electronic health records to identify people who could be candidates to try new therapies; and even moderating comments on Facebook groups.

People would be shocked if they knew what language-based AI was capable of now. But getting the data into a form that the algorithm can use is the biggest challenge. With Humanloop, we want to democratise access to AI and enable the next generation of intelligent, self-serve applications — by allowing any company to take its domain expertise and distill it efficiently in a machine learning model.

Raza Habib, CEO, Humanloop

Read more on TechCrunch’s website.

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