About iMerit
iMerit is a company based in San Jose (United States) founded in 2012 by Radha Basu. iMerit has raised $24.26 million across 3 funding rounds from investors including British International Investment, Michael & Susan Dell Foundation and Khosla Impact. The company has 5,337 employees as of April 09, 2024. iMerit has completed 1 acquisition, including Ango. iMerit offers products and services including Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab. iMerit operates in a competitive market with competitors including Sapien, Refuel.ai, Rabbitt.ai, Dataturks and Annotation, among others.
- Headquarter San Jose, United States
- Employees 5337 as on 09 Apr, 2024
- Founders Radha Basu
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Imerit Technology Services Private Limited
- Date of Incorporation 14 Mar, 2011
- Jurisdiction Bangalore, Karnataka, India
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Annual Revenue
$4.98 M (USD)69.23as on Mar 31, 2018
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Net Profit
$80.68 K (USD)-52.1as on Mar 31, 2018
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EBITDA
$57.36 K (USD)67.3as on Mar 31, 2018
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Total Equity Funding
$24.26 M (USD)
in 3 rounds
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Latest Funding Round
$20 M (USD), Series B
Dec 20, 2019
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Investors
British International Investment
& 3 more
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Employee Count
5337
as on Apr 09, 2024
- Investments & Acquisitions
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Products & Services of iMerit
iMerit offers a comprehensive portfolio of products and services, including Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab.
Platform for automating data pipelines and AI annotation tasks.
Solution for annotating and processing medical imaging data.
Tool for evaluating and fine-tuning AI models in various domains.
People of iMerit
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Software Development Team
26 people
Human Resources and Administration
11 people
Product Management Team
9 people
Data Analysis and Operations Team
6 people
Finance and Accounting
5 people
Principal Team
4 people
Leadership Team
4 people
Sales and Marketing
3 people
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Funding Insights of iMerit
iMerit has successfully raised a total of $24.26M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $20 million completed in December 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in iMerit
iMerit has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include British International Investment, Michael & Susan Dell Foundation and Khosla Impact.
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Government agency focused on small and medium-sized businesses
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Early-stage impact investments are made primarily in India.
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Investments are made in digital society, education, and employability sectors.
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Investor details for iMerit
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Investments & Acquisitions by iMerit
iMerit has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Ango.
Investment portfolio details for iMerit
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- Portfolio identities
- Transaction dates
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| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of a data labeling platform for training ML models
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Complete acquisition details for iMerit
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Financial Statements - iMerit
Detailed financials for iMerit
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Imerit Comparisons
Peer comparison for iMerit
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Competitors of iMerit
iMerit operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sapien, Refuel.ai, Rabbitt.ai, Dataturks and Annotation, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
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Data labelling services for LLM fine-tuning are provided.
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Unstructured data is analyzed via AI for ML application development.
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AI-based interactive data annotation solutions are provided for businesses.
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Provider of E2E tagging of data items for machine learning projects
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Provider of AI annotation services
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Detailed competitors of iMerit
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Latest news on Imerit
Complete news archive for iMerit
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Frequently Asked Questions about iMerit
iMerit was founded in 2012 and raised its 1st funding round 1 year after it was founded.
iMerit is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Radha Basu is the current CEO of iMerit. They have also founded this company.
iMerit is a funded company, having raised a total of $24.26M across 3 funding rounds to date.
As of Apr 09, 2024, the latest employee count at iMerit is 5,337.
Annual revenue of iMerit is $4.98M as on Mar 31, 2018.
iMerit was founded in 2012 and is headquartered in San Jose, United States. Data solutions for artificial intelligence applications are offered, with a focus on multimodal AI. Data pipeline workflow automation and purpose-built applications are included in the framework, which supports AI development in sectors such as healthcare, autonomous mobility, and precision agriculture. Operations emphasize acceleration of AI workflows across these industries.
iMerit offers Ango Hub, Radiology Annotation Product Suite, and Deep Reasoning Lab.
iMerit has made 1 acquisition, including Ango.
iMerit has 4 investors. Key investors include British International Investment, Michael & Susan Dell Foundation, Khosla Impact, and Omidyar Network India.