Activeloop

Based in California, US, and founded in 2018 by CEO Davit Buniatyan and Sergiy Popovych, Snark AI, Inc. d. b. a.

Activeloop operates as a technology company that focuses on providing a database for AI powered applications to organize complex, unstructured data into a simple, tensor-based format. In March 2024, Activeloop raised USD 11 million in a Series A funding led by Streamlined Ventures, with participation from Dispersion Capital, Samsung NEXT Ventures, Alumni Ventures Group, and Y Combinator. The series A funding values Activeloop at USD 59. 9 million post-money.

In addition, Activeloop also raised venture funding from Founders. AI. Activeloop provides a database solution for AI that organizes and manages complex, unstructured data. The company’s main product, Deep Lake, stores data such as images, audio, videos, and tabular data as tensors.

Deep Lake supports multi-modal data, allowing users to visualize, query, and train models without compromising GPU utilization. Deep Lake also offers serverless tensor query capabilities and advanced data lineage features for improved data management and retrieval accuracy. The firm generates revenue from the subscription to its platform packages, which include Starter (USD 99 per month), Startup (USD 995 per month), and Enterprise (custom pricing). The company will use the funding to onboard more enterprise customers to its database for AI and hire more staff to expand its engineering team.