2024
Marubeni Invests in FastLabel Inc., an AI Data Platform Provider
Sep. 27, 2024
Marubeni Corporation
Marubeni has invested in FastLabel Inc. (hereinafter, “FastLabel”), a company that provides AI data management platforms and annotation outsourcing services (hereinafter, “this investment”).
Image of FastLabel’s annotation tool in use
Background
With the emergence and spread of generative AI, AI utilization is expected to progress rapidly. The Japanese AI market, which totaled $9.9 billion in 2023, is projected to grow to $125.8 billion by 2030 (CAGR: 43.7%).* However, improving the efficiency of preprocessing, which is particularly time-consuming in AI development, remains a significant challenge for the widespread adoption and spread of AI. Among these processes, annotation—the task of adding specific meaningful tags to original data such as images, videos, and audio for algorithms to interpret with higher accuracy—is one of the most important and time-consuming complex steps in AI development.
About FastLabel
FastLabel contributes to solving challenges in AI development by providing a mechanism to streamline the processing of learning data required for development, including the semi-automation of annotation. The company also offers a comprehensive AI data platform that includes data collection and sales as well as management of processed data. FastLabel’s purpose is to “create AI infrastructure that will bring the Japanese industry back to a world-class level,” aiming for a world where AI permeates every corner of society.
Future Prospects
Through this investment, Marubeni will support FastLabel’s growth and utilize its AI data platforms to promote the efficiency of corporate AI development processes and expand the provision of AI-related solutions, aiming to contribute to the further spread of AI and the improvement of overall social productivity.
*According to Grand View Research
FastLabel Overview
| Company Name: | FastLabel Inc. |
| Head Office: | 5-27-5 Sendagaya, Shibuya-ku, Tokyo |
| Establishment: | 2020 |
| Representative: | Takeshi Suzuki |
| Main Business: | Provision of AI data management platforms and annotation outsourcing services |
| Website: | https://fastlabel.ai/ |