Invisible Technologies, a startup headquartered in San Francisco, has recently made a significant announcement regarding the successful closure of a funding round, having raised $100 million. This round was spearheaded by Vanara Capital and saw contributions from a diverse array of companies. As a result of this latest injection of capital, the company's cumulative funding has now reached $144 million, and its valuation has soared to $2 billion. This impressive achievement has firmly positioned Invisible Technologies among the fastest - growing AI companies on Inc.5000's list for 2024.
The startup is renowned for its expertise in crafting AI software platforms. These platforms are specifically designed to generate AI training data tailored to the needs of enterprises. Its comprehensive platform is composed of five distinct modules. Among them, the Expert Marketplace module stands out as it provides access to human experts. These experts offer invaluable support, enabling enterprises to conduct customized AI model training with greater ease and precision.
The newly acquired funds will be strategically allocated towards further enhancing the platform's capabilities and facilitating its expansion into high - end client markets. At present, Invisible Technologies has forged strategic partnerships with industry giants such as AWS, Microsoft, and Cohere, among other notable players in the tech landscape.