Datasaur, a leading natural language processing (NLP) platform that helps annotators train AI algorithms, today announced the close of a $4 million seed funding round and launched a new feature, Datasaur Dinamic, allowing users to easily train custom NLP models. The round was led by Initialized Capital with participation from HNVR, Gold House Ventures, and TenOneTen, bringing Datasaur's total funding to date to $7.9 million. The latest investment will be used to democratize access to the latest advancements in NLP and LLM technology.

Datasaur leads the NLP industry with its comprehensive and automated data labeling solution. Founded in 2019 and headquartered in Silicon Valley, the company helps financial, legal, and healthcare companies turn raw unstructured data into valuable ML datasets. Prior to Datasaur, CEO Ivan Lee sold his first company Loki Studios to Yahoo and led ML teams at Yahoo and Apple.