About LXT
LXT is a company based in Mississauga (Canada) founded in 2014. It operates as a B2B. LXT has completed 1 acquisition, including Clickworker. LXT offers products and services including Data Annotation, Data Collection, Data Evaluation, and Generative AI Services. LXT operates in a competitive market with competitors including Appen, Qualitas Global, Africa AI, We Win and Dataforge, among others.
- Headquarter Mississauga, Canada
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Sectors
Technology
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Phone
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Website
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Social
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- Legal Name Lxt
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Annual Revenue
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- Investments & Acquisitions
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Products & Services of LXT
LXT offers a comprehensive portfolio of products and services, including Data Annotation, Data Collection, Data Evaluation, and Generative AI Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Labels data to train and tune machine learning models accurately.
Gathers high-quality data at scale for AI applications.
Assesses AI outputs for accuracy and ethical standards.
Fine-tunes models to ensure inclusivity and reduce bias.
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Software Development Team
14 people
Data Analysis and Operations Team
5 people
Finance and Accounting
4 people
Project Team
4 people
Human Resources and Administration
4 people
Operations Team
3 people
Transcriptionist Team
2 people
Sales and Marketing
2 people
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Funding Insights of LXT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by LXT
LXT has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Clickworker. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
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Data processing tasks are crowdsourced via an online marketplace.
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2005 |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - LXT
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lxt Comparisons
Competitors of LXT
LXT 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 Appen, Qualitas Global, Africa AI, We Win and Dataforge, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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Human-annotated datasets for AI training are provided.
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Offers AI consulting, data annotation, and staffing services for businesses worldwide.
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Provider of AI development services
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AI data annotation services are provided by We Win.
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Provider of data annotation services
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lxt
Frequently Asked Questions about LXT
When was LXT founded?
LXT was founded in 2014.
Where is LXT located?
LXT is headquartered in Mississauga, Canada. It is registered at Mississauga, Ontario, Canada.
What does LXT do?
LXT specializes in AI data solutions, including annotation, collection, and evaluation to support machine learning models. They deliver high-quality data services globally, serving technology leaders and Fortune 500 companies. Operating with a focus on security and ethics, LXT ensures accurate and responsible AI development through custom fine-tuning and transcription. Their services enhance applications in areas like computer vision and speech recognition.
Who are the top competitors of LXT?
LXT's top competitors include Appen, Qualitas Global and We Win.
What products or services does LXT offer?
LXT offers Data Annotation, Data Collection, Data Evaluation, and Generative AI Services.
How many acquisitions has LXT made?
LXT has made 1 acquisition, including Clickworker.
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