Refuel.AI

Refuel.AI

Generates and annotates datasets using AI

About Refuel.AI

Simplify's Rating
Why Refuel.AI is rated
B
Rated C on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

AI & Machine Learning

Company Size

11-50

Company Stage

Seed

Total Funding

$10.5M

Headquarters

San Francisco, California

Founded

2021

Overview

Refuel.AI provides a platform that uses large language models to help users generate, annotate, and enrich datasets. The platform allows users to specify the types of datasets they need, automating the processes of data creation and labeling. This is especially useful for businesses and researchers who need high-quality, labeled datasets for training their AI models. Refuel.AI differentiates itself by simplifying the data preparation process, which helps clients in various industries, such as technology, healthcare, finance, and academia, to speed up their AI development and deployment. The company's goal is to make data preparation more efficient, enabling faster advancements in AI applications.

📈
Significant Headcount Growth
Simplify Jobs

Simplify's Take

What believers are saying

  • Refuel.AI raised $5.2 million in seed funding to expand its platform.
  • The rise of synthetic data generation complements Refuel.AI's data annotation services.
  • AI integration in healthcare presents opportunities for Refuel.AI's high-quality datasets.

What critics are saying

  • Emerging competition could dilute Refuel.AI's market share in dataset automation.
  • Continuous updates to LLMs may strain Refuel.AI's resources and service stability.
  • Data privacy regulations like GDPR could impact Refuel.AI's operations.

What makes Refuel.AI unique

  • Refuel.AI automates dataset creation and labeling using large language models.
  • The platform offers an open-source library, AutoLabel, for flexible data labeling.
  • Refuel.AI targets multiple industries, including technology, healthcare, and finance.

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Funding

Total Funding

$10.5M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:
Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Above Average

Industry standards

$3.3M
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood
$5.2M
Refuel.AI

Benefits

Competitive salary & meaningful equity

Health, vision, & dental insurance

Unlimited PTO

Home office setup

Learning & development

Team retreats

Growth & Insights and Company News

Headcount

6 month growth

15%

1 year growth

7%

2 year growth

15%
Trend Hunter
Oct 17th, 2023
LLM Training Datasets

Refuel.ai Inc. has introduced its Refuel Cloud platform, designed to streamline the preparation of datasets for artificial intelligence (AI) training.

dlvr.it
Jun 21st, 2023
Refuel AI: $5.2 Million Raised To Automate Dataset Creation And Labeling For Every Business

Refuel AI - a platform to automate dataset creation and labeling for every business and every use case - announced recently that it exited from stealth with $5.2 million in seed funding led by General Catalyst and XYZ Ventures.

Finance Info
Jun 21st, 2023
How to fundraise during a VC drought: One startup shares their 6-month process – Finance News

– Refuel.ai, a San Francisco-based dataset creation and labeling automation platform, raised $5.2 million in seed funding co-led by General Catalyst and XYZ Ventures.

Fortune
Jun 20th, 2023
How to fundraise during a VC drought: One startup shares their 6-month process | Fortune

- Refuel.ai, a San Francisco-based dataset creation and labeling automation platform, raised $5.2 million in seed funding co-led by General Catalyst and XYZ Ventures.

VentureBeat
Jun 15th, 2023
Refuel Ai Nabs $5M To Create Training-Ready Datasets With Llms

Join top executives in San Francisco on July 11-12, to hear how leaders are integrating and optimizing AI investments for success. Learn More. Refuel AI, a company using large language models (LLMs) to generate high-quality training data for AI models, today came out of stealth with $5.2 million in seed funding. The company said it will use the round to grow its team and build out its platform’s capabilities, preparing it for commercial launch in July.Founded by Stanford grads Nihit Desai and Rishabh Bhargava, Refuel has also opened access to AutoLabel, an open-source library that makes it easy for any AI team to label their data in their own environment and with any LLM they want.Don’t miss our special issue: Building the foundation for customer data quality.The offerings come as an answer to the data challenges that slow down AI development, keeping enterprises from embedding the next-gen technology into their products and business functions.

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Refuel.AI is Hiring for 3 Jobs on Simplify!

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Refuel.AI is Hiring for 3 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
We update Refuel.AI's jobs every few hours, so check again soon! Browse all jobs →

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Discover companies similar to Refuel.AI

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