Annotation AI raises pre-Series A funding from NPX Capital

AI technology startup Annotation AI said on the 2nd that it had raised a pre-Series A investment from NPX Capital.

With NPX Capital participating as a strategic investor, the investment is expected to provide an external measure of confidence in Annotation AI’s global growth potential and AI business capabilities.

NPX Capital plans to draw on its expertise and global network to actively support Annotation AI’s rapid growth.

Founded in 2016, NPX Capital is a global alternative investment firm that supports companies at every stage of growth, from early-stage businesses to buyouts. Headquartered in South Korea and Los Angeles, NPX Capital has about 20 investment professionals working across four offices in Seoul, Hong Kong, Singapore and Los Angeles.

With an in-depth understanding of local markets, the firm offers sharp insights and supports portfolio companies’ growth, acquisitions and globalization by connecting them with local businesses and NPX Capital’s global network.

NPX Capital has made successful investments in fast-growing technology and content companies. Its portfolio includes △Riiid, a leading AI edtech startup; △Mathpresso, which operates the AI-powered learning app Qanda; △SmartStudy, a global intellectual property (IP) company known for “Pinkfong”; and △NPX Point Avenue, an edtech company providing world-class comprehensive education services, primarily in Southeast Asia.

“We plan to use the funds raised in this investment to expand hiring of top talent, execute strategic marketing initiatives and strengthen the company’s capabilities as we work to become a global AI company,” said Yoon Dong-kook, CEO of Annotation AI.

Annotation AI: http://www.annotation-ai.com/