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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Email
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Phone
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Website
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Social
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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. 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.
Platform for automated ground truth data generation in autonomous systems.
Services for high-quality annotation across multiple industries.
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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.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $2.8M
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First Round
First Round
(16 Jan 2018)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2018 | Amount | Seed - Understand | Valuation | LEA Partners |
| 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 |
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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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Provider of early-stage and buyout investments in B2B software and tech
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Founded Year | Domain | Location | |
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Venture capital firm focused on B2B companies
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Founded Year | Domain | Location | |
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Synapse Partners is engaged in AI strategy consulting and investments.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Understand
| 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 |
Financial Statements - Understand
| 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 |
Understand Comparisons
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. 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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| domain | founded_year | HQ Location |
Training data for computer vision and AI models is supplied.
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| domain | founded_year | HQ Location |
AI-enabled 3D simulation environments for autonomous vehicles are generated.
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| domain | founded_year | HQ Location |
Data annotation and model evaluation services for AI are provided.
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| domain | founded_year | HQ Location |
Provider of SaaS-driven software to improve perception performance for autonomous mobility
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| domain | founded_year | HQ Location |
Data from autonomous vehicles is managed and delivered via cloud.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Understand
Frequently Asked Questions about Understand
When was Understand founded?
Understand was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Understand located?
Understand is headquartered in Berlin, Germany. It is registered at Berlin, Berlin, Germany.
Is Understand a funded company?
Understand is a funded company, having raised a total of $2.8M across 1 funding round to date. The company's 1st funding round was a Seed of $2.8M, raised on Jan 16, 2018.
How many employees does Understand have?
As of Dec 31, 2021, the latest employee count at Understand is 60.
What does Understand do?
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.
Who are the top competitors of Understand?
Understand's top competitors include Parallel Domain, Mighty AI and Sama.
What products or services does Understand offer?
Understand offers Ground Truth Platform and Annotation Services.
Who are Understand's investors?
Understand has 5 investors. Key investors include dSPACE, LEA Partners, Frontline Ventures, Synapse Partners, and Agile Partners.
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