NEW
YORK, Sept. 10, 2024 /PRNewswire/ --
Protege announced a $10 million
seed round and the launch of its AI training data platform to help
resolve one of the biggest issues in AI development — sharing and
accessing the right training data. The round was led by CRV with
participation from SV Angel, Liquid 2 Ventures, Bloomberg Beta,
Flex Capital, Adam D'Angelo,
Travis May, and more.
"The lack of availability of training data is the biggest
bottleneck in AI today," said Bobby
Samuels, CEO and Co-Founder of Protege. "By creating a
platform for data holders to allow controlled access to their data
assets, we enable the construction of critical models in a faster
and safer way."
The exchange of training data today can require months, if not
years, of negotiation and friction, as different parties navigate
complex intellectual property, technological, and governance
concerns, often for the first time. Protege equips data holders
with the resources to make their data available for AI use cases
safely and painlessly and enables model builders to find and access
the data they need, with confidence that the data is sourced
responsibly.
Protege was founded earlier in 2024 by Samuels and Travis May, CEO of Shaper Capital and co-founder
and former CEO of LiveRamp and Datavant.
Protege focuses on types of data that are especially impactful
for AI, much of which has never been made available for external
use and is proprietary to data owners rather than in the public
domain. Protege's vision expands beyond any one industry, given the
training data bottleneck exists across the spectrum of AI.
"I believe this is one of the biggest data opportunities of all
time," said May. "Five years ago, there was no market for training
data. Today, every major LLM and thousands of novel AI applications
are looking for training data – but there is too much friction in
this process. Unlocking seamless and controlled exchange of
training data will help unleash the power and benefits of AI to the
world."
"The training data opportunity is one of the largest I've seen
in my career," said Saar Gur, General Partner at CRV. "We're
incredibly excited to partner with the Protege team in pursuing
this massive vision."
About Protege
Protege is the platform for AI training
data, enabling seamless and compliant data exchange. By empowering
data holders and connecting them with AI developers, Protege
supports the creation of thoughtful AI solutions. Learn more at
www.withprotege.ai.
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SOURCE Protege