Co-one, which offers artificial intelligence-based data labeling service, received an investment of over €4.2 million in valuation

Co-one received investment with a valuation of €4.2 million. Established in 2021, Estonia-based artificial intelligence-based data labeling service Co-one completed its seed investment round under the leadership of the Maxis Innovative Fund.

Co-one, which was founded in 2021 by Ataberk Arman Kayhan and Mert Menekse and provides the labeled data service needed by artificial intelligence companies, focuses on the fast, accurate and reliable disclosure of visual, video and text data.

While Co-one enables companies to manage data labeling processes with its Annotation Management Dashboard, Kovan App provides more than 3500 users with the opportunity to generate income while labeling data.

Other investors in the seed investment round led by Maxis Innovative Fund include TechOne Venture Capital, Lima Ventures, DOMiNO Ventures, Leap Investment, Chooch AI CEO Emrah Gultekin and Investment Banker Siret Unsal.

Co-one, which received an investment of $1.35 million under the leadership of TRAngels in 2021 and increased its monthly data labeling volume 20 times during this period, continues to contribute to the artificial intelligence ecosystem by growing 9 times in 2022.

Co-one, which managed to gain its first customers in the European market and wants to expand it, currently serves more than 35 companies. The company, which plans to develop its products and enlarge its team by realizing its growth strategies with the seed investment they have received, aims to have an important role in the European artificial intelligence market.

In line with this goal, it wants to democratize data labeling and bring artificial intelligence to a quality that can serve humanity.

Source: Egirisim / Translated by Irem Yildiz

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