Heidelberg-based AI startup Quality Match secures $5 million funding

Heidelberg-based AI startup Quality Match secures $5 million funding

Quality Match has recently announced a new round of seed funding to the tune of $5 million from LEA partners.

Founded in 2019 by former Apple, Google and Microsoft employees, Quality Match optimizes machine learning models through data annotations. These annotations output data sets with high statistical significance and confidence levels, resulting in improved effectiveness of artificial intelligence (AI).

"All over the world, tech companies are working at breakneck speed to integrate artificial intelligence into our everyday lives, for example through autonomous driving. To do this, they need precise, annotated datasets in order to avoid errors. So far, however, there has been a lack of the necessary innovative strength,” comments Daniel Kondermnn, co-founder and managing director.

Quality Match plans on using this fresh influx of capital to expand the team and advance into other industries including the health, 3D mapping, autonomous driving, AR / VR, retail and construction sectors

"We are very pleased that the founders have chosen us as their partner to tackle and win the growing global market for data annotation. Their ambitious vision, their unique product and the excellent customer feedback have led us to make our largest investment to date." Bernhard Janke, LEA Partners.

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