Labelbox announced the close of a $40 million Series C funding led by B Capital Group. Previous investors Andreessen Horowitz, First Round Capital, Gradient Ventures (Google's AI venture fund) and Kleiner Perkins also participated in addition to Catherine Wood, CEO and founder of ARK Invest.

Labelbox solves data annotation and management for enterprise with a simple platform for organizations to create, manage, and use knowledge to rapidly build and deploy AI. Labelbox helps organizations accelerate their AI initiatives and focus on achieving their goals, instead of building in-house tools and infrastructure. Their customers include Conde Nast, Genius Sports, and Lytx.