Labelbox, a data annotation and labeling software platform, today announced that it had raised an additional $40 million in Series C funding led by B Capital Group. This brings the company’s total capital raised to $79 million since launching in 2018. According to Kyle Wiggers of VentureBeat, the new round will be used to “expand label boxes platform, grow its customer base internationally, and increase the company’s team size.” label boxes will also be investing in research and development to improve data annotation accuracy and usability. The investment from B Capital Group is a significant milestone for label box as it continues to expand its services and reach globally. Label boxes software and platform are used across healthcare, automotive, and retail industries to label data for AI-powered applications. Label box is well-positioned to capitalize on the growing demand for data annotation tools in an increasingly digital world. Read the article about labelbox capital group 79mwiggersventurebeat.

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Labelbox Founder and CEO Manu Sharma said: “We’re thrilled to welcome B Capital to label box and are grateful for their belief in our mission. We have seen tremendous success over the past couple of years. The new capital will help us accelerate label boxes’ growth, extend our product capabilities, and automate more of the annotation process.” label box is a leader in data annotation and labeling tools. This new Series C round will be instrumental in helping label box continue to bring greater accuracy and efficiency to data annotation. With the help of B Capital Group’s investment, the label box is set up for continued success as it continues to expand its services across the globe.