Co-one Receives Investment with 4.2 Million Euro Valuation

Co-One, an AI-based data tagging service, has closed a seed investment round led by Maxis Innovative Fund. The company received €4.2 million in this round. Estonia-based Co-one was founded in 2021 by Mert Menekşe and Ataberk Arman Kayhan. The company provides services to companies working on artificial intelligence. It provides labeled data service to these companies. The company, which produces services for artificial intelligence; It provides reliable, fast and accurate disclosure of data in text, images and videos.

The company allows companies to manage their data tagging processes with its Annotation Management Dashboard. It also enables over 3500 users to generate revenue from data tagging through Kovan App. TechOne Venture Capital, DOMİNO Ventures, Investment Banker Siret Ünsal, Chooch Al CEO Emrah Gültekin, Lima Ventures and Leap Investment participated in the seed investment round led by Maxis Innovative Fund.

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Co-one to Continue Contributing to the Artificial Intelligence Ecosystem

In 2021, Co-one received investment led by TRAngels at a valuation of $1.35 million. Since 2021, the company has expanded its monthly data tagging volume 20x. The company is helping to develop the AI ecosystem, growing 9x in 2022. Co-one has gained important customers in the European market. The company is planning to expand its network in Europe and is currently working with more than 35 companies. With the seed investment, the company will determine its growth strategy. The company plans to develop its products and expand its team. It aims to be among the leading companies in the European artificial intelligence sector.

It will democratize the data tagging process and work to ensure that artificial intelligence also serves humanity. In short; Co-one will shape artificial intelligence in a way that will benefit humanity.