What is the story about?
What's Happening?
Seoul-based Datumo, originally an AI data labeling company, has raised $15.5 million to expand its operations and challenge Scale AI in the field of large language model (LLM) evaluation. The funding round was led by Salesforce Ventures, with participation from other investors. Datumo aims to help businesses build safer AI models by providing tools for testing, monitoring, and improving AI without requiring technical expertise. The company has developed a reward-based app for data labeling and has expanded into AI model evaluation, releasing Korea's first benchmark dataset focused on AI trust and safety.
Why It's Important?
Datumo's expansion into LLM evaluation is crucial as the demand for safe and responsible AI development grows. The company's approach to AI model evaluation addresses the need for explainability and trust in AI systems, which is a significant concern for many organizations. By providing accessible tools for AI evaluation, Datumo empowers businesses to improve their AI models' safety and reliability, potentially reducing risks associated with AI decision-making. The funding from Salesforce Ventures highlights the importance of this market and Datumo's potential to become a key player in AI evaluation.
What's Next?
With the new funding, Datumo plans to accelerate its research and development efforts, particularly in automated evaluation tools for enterprise AI. The company aims to expand its global operations, focusing on markets in South Korea, Japan, and the U.S. Datumo's presence in Silicon Valley will likely facilitate partnerships and collaborations with other tech companies, further enhancing its capabilities and market reach.
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