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Venture Capital News: Cleanlab Pulls In $25M Series A Financing Round

2023-10-10
SAN FRANCISCO, CA, Cleanlab has secured $25 million in Series A funding.
Cleanlab, the company behind the automated data curation solution used to increase the dollar value of every data point in enterprise artificial intelligence (AI), large language model (LLM), and analytics solutions, has secured $25 million in Series A funding. This financing round was co-led by Menlo Ventures and TQ Ventures; Menlo Ventures' Matt Murphy and TQ's Schuster Tanger will join the board. Existing investor Bain Capital Ventures (BCV) and new investor Databricks Ventures participated in this funding round, which brings Cleanlab's total funding to $30 million.

Pioneered at MIT and trusted by hundreds of top organizations, Cleanlab turns unreliable data into reliable models and insights by automatically finding and fixing errors in both structured and unstructured datasets, such as visual, text, and tabular data. Based in San Francisco, Cleanlab was founded in 2021 by three PhDs in Computer Science from MIT.
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