Annotell, which is developing a solution to ensure the safety of advanced driver assistance systems (ADAS) and autonomous driving, raises $24 million in series A funding. The Swedish start-up announced on February 3, 2022 that had completed this fundraising with Metaplanet and NordicNinja, as well as its historical investors Stena Sessan AB and Ernström & Co.
Measure data quality
Annotell explains that it provides developers with a software platform so they can train, test, measure and ensure the safety of vehicle sensing systems. The Swedish start-up defines itself as a provider of a “vision test that allows cars to obtain their driving licence”. Specifically, the nugget focuses on the perception data of the vehicle that today are “unreliable and subjective”.
Machine learning systems need good data to be trained in the best way. But very few people bother to quantify the quality of the data. They define themselves as “the truth” even though they may be incorrect.
Annotell is developing a solution to find out how much you can trust this data. An essential element to build a safe autonomous driving system. For autonomous vehicles, this means knowing how sure the system is of what the surrounding environment looks like. Its tool allows to quantify and measure the reliability of perception data.
Recruitment throughout the year.
With this financial contribution, Annotell will continue to invest in its R&D. The Swedish start-up explains that it wants to cover an increasing number of quality aspects of perception data. The goal is to propose a solution to ensure that the dataset contains the correct elements and that the correct performance criteria are taken into account. To assist in its development, Annotell intends to continue its hiring to reach 100 employees by the end of the year.
The start-up already counts among its clients automotive equipment manufacturers, sensor manufacturers and audiovisual companies. She hopes to attract a growing number of clients.
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