Alberto Rizzoli and Simon Edwardsson, Co-founders of V7. Labelled with V7's Auto-Annotate
London, UK - 18 December 2020. V7 Labs, the computer vision platform trusted by hundreds of customers including Tractable, GE Healthcare and Merck, today announced the closing of a $3M Seed round led by Amadeus Capital Partners, joined by Partech, Air Street Capital, and Miele Venture Capital.
Founded in 2018 by Alberto Rizzoli and Simon Edwardsson, V7 Labs's platform accelerates the creation of high-quality training data by 10-100x. V7 accomplishes this by giving users the ability to build automated image and video data pipelines, organize and version complex datasets and train and deploy state-of-the-art vision AI models while managing their lifecycle in production.
AI is proliferating throughout industries and requires companies to continuously collect, organise and label image data so that AI models may adapt to new scenarios, camera models or objects. Previously, AI companies would build these systems in-house, having to maintain them alongside rapid developments in machine learning. They are now switching to V7, which has condensed into a single SaaS platform best practices for organising datasets, labelling them autonomously and monitoring the status of AI models.
“The story of the last 5 years for AI-first companies has been one of rapidly evolving tooling and infrastructure best practices. The very best AI-first companies are now moving from their home-grown data annotation, versioning and model lifecycle management tools to V7’s SaaS platform because it abstracts this complexity and exposes industry best practices. Companies can now iterate faster and have confidence in the robustness of their production models by building on V7.” Nathan Benaich, General Partner, Air Street Capital
For machine learning companies to grow, the task of labelling data is the tip of the iceberg. Once an AI training image is labelled, the information representing "what it teaches" is stored as a faceless code file. The world's best AI teams know their data through and through, and want to inspect each training and test sample to identify bias, outliers and over/under representation.
V7 enables monitoring this data's life cycle, as it gets captured, automatically labelled using AI or humans, and sent off to further improve an AI's learning.
V7's largest areas of growth is in healthcare data, thanks to its support for medical imaging, whilst the largest by volume are expert visual inspection tasks, ensuring that power lines, oil pipelines and other integrity-critical infrastructure do not present rust, leaks or damage.
Next year, V7 will expand its team and feature-set to support the success of its customers.
V7's platform offers a uniquely powerful capability called Auto-Annotate, which can segment any object to turn it into an AI-learnable annotation. Auto-Annotate is trained on over 10 million images of varying nature, curated by V7 to be of high accuracy. This way it can work on anything ranging from medical images like x-rays, to satellite imagery and damaged cars.
Auto-Annotate is the most accurate AI for automated segmentation of any arbitrary object, recently benchmarked on popular computer vision datasets and performing 96.7% IoU score on Grabcut using 2 clicks, and 90.6% on the DAVIS challenge with 3.1 clicks.
"If the proliferation of ML has taught us anything, it is that turning your AI data's lifecycle into a flexible end-to-end workflow is key. This is exacerbated by the growth of deep learning models in production and an increasing demand for automation. V7 is building the finest platform for training data out there, with built-in AI models that outclass the previous state-of-the-art. We're excited to back the team as it brings its new product releases to market." Pierre Socha, Partner, Amadeus Capital Partners
Auto-Annotate's results on a challenging DAVIS 2016 challenge image
Auto-Annotate's live demonstration on aerial imagery
Auto-Annotate on hospital video understanding dataset
Auto-Annotate, which runs in the cloud 24/7, produces the equivalent output of 500 full-time labelling workers on an average day.
A digital pathology image used in cancer research, residing on V7.
The platform enables 12 types of annotation and unique scientific data formats, like DICOM medical imaging, SVS (used in digital pathology, which can reach sizes of 100,000 pixels squared) and 4K video. Machine learning teams can add hundreds of polygon annotations to represent objects in their training data on V7, which can hold over 2 million data points in a single image without lag on a common web browser.
V7 gives the chance to ML teams to search through million-image datasets for their image data to visualize their labels. Datasets can be versioned to exclude potentially biasing samples, and every label added is logged to keep an accurate record of the evolution of training data.
The dataset management also enables customizable flows through which each image will go, as humans or AI models apply labels, before an image can be considered complete and ready for training. All datasets start with a largely human-driven annotation flow, and automate introducing AIs as the training data expands.