🚀 Exciting News from Activeloop! 🚀

Activeloop secured $11 million in Series A funding from Streamlined Ventures, Y Combinator, Samsung Next, Alumni Ventures, and Dispersion Capital. This boost comes as Activeloop continues its mission to revolutionize AI projects with their database solution.

Led by Davit Buniatyan, Activeloop stands out for its groundbreaking technology, "Deep Lake," which tackles the challenge of leveraging unstructured multimodal data for AI training. Their system promises up to 75% cost reduction compared to market offerings, while boosting engineering productivity by up to five-fold!

So, what exactly does Activeloop's Deep Lake offer? 🤔

Imagine dealing with petabyte-scale unstructured data—text, audio, video—all requiring identification, organization, and integration for AI model training. Activeloop simplifies this complexity with Deep Lake, standardizing data storage and facilitating seamless integration with various tools and frameworks like PyTorch and TensorFlow. 🛠

From filtering and searching to version tracking and model training, Activeloop's platform provides an all-in-one solution for AI development needs! 🚀

Congrats to Davit Buniatyan, Activeloop, their angels and early investors and all of us with another success of the Armenian startup ecosystem 🎉

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