About Understand
Understand is a company based in Berlin (Germany) founded in 2016 was acquired by dSPACE in July 2019. Understand has raised $2.8 million across 1 funding round from investors including dSPACE, LEA Partners and Frontline Ventures. The company has 60 employees as of December 31, 2021. Understand offers products and services including Ground Truth Platform and Annotation Services. Understand operates in a competitive market with competitors including Mighty AI, Parallel Domain, Sama, Kognic and Heex, among others.
- Headquarter Berlin, Germany
- Employees 60 as on 31 Dec, 2021
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Sectors
Transportation, Automotive & Logistics
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- Legal Name Understand.Ai Gmbh
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Products & Services of Understand
Understand offers a comprehensive portfolio of products and services, including Ground Truth Platform and Annotation Services.
Platform for automated ground truth data generation in autonomous systems.
Services for high-quality annotation across multiple industries.
People of Understand
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Funding Insights of Understand
Understand has successfully raised a total of $2.8M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.8 million completed in January 2018. 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 Understand
Understand has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include dSPACE, LEA Partners and Frontline Ventures.
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Provider of early-stage and buyout investments in B2B software and tech
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Venture capital firm focused on B2B companies
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Synapse Partners is engaged in AI strategy consulting and investments.
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Investor details for Understand
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Investments & Acquisitions by Understand
Investment portfolio details for Understand
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Financial Statements - Understand
Detailed financials for Understand
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Understand Comparisons
Peer comparison for Understand
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Competitors of Understand
Understand 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 Mighty AI, Parallel Domain, Sama, Kognic and Heex, among others.
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Training data for computer vision and AI models is supplied.
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AI-enabled 3D simulation environments for autonomous vehicles are generated.
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Data annotation and model evaluation services for AI are provided.
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Provider of SaaS-driven software to improve perception performance for autonomous mobility
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Data from autonomous vehicles is managed and delivered via cloud.
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Detailed competitors of Understand
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Latest news on Understand
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Frequently Asked Questions about Understand
Understand was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Understand is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Understand is a funded company, having raised a total of $2.8M across 1 funding round to date.
As of Dec 31, 2021, the latest employee count at Understand is 60.
Understand.ai was founded in 2016 and is based in Berlin, Germany. Operations focus on the AI sector, where image annotation services are delivered to create training data for machine learning models. Semantic segmentation, bounding box annotation, and custom image annotations are included among the offerings. Deep learning methods are integrated with human oversight to ensure accuracy. Use cases encompass autonomous driving, medical imaging, drone surveillance, and satellite analysis.
Understand's top competitors include Parallel Domain, Mighty AI and Sama.
Understand offers Ground Truth Platform and Annotation Services.
Understand has 5 investors. Key investors include dSPACE, LEA Partners, Frontline Ventures, Synapse Partners, and Agile Partners.