BAOBAB Inc.

Baobab Inc. , based in Tokyo, Japan, is a company founded in 2010 that specializes in high-quality AI training data and annotation services for various artificial intelligence applications. Baobab Inc. provides specialized services in AI training data and annotation.

The company was founded in Tokyo, Japan, in 2010. It has raised JPY 50 million in Series A funding from KIBOW Foundation on March 19, 2021, which contributed to the total amount raised of JPY 50 million. The current company valuation stands at JPY 488. 671 million.

Baobab Inc. specializes in providing high-quality AI training data, focusing on annotation services essential for various artificial intelligence applications. The company offers extensive data annotation techniques, including bounding boxes, polygons, semantic segmentation, and keypoint labeling, which are critical for developing robust machine learning models. Additionally, Baobab supports multimodal tasks by providing services for video annotation, captioning for images and videos, and text transcription across multiple languages, including Japanese, English, and Chinese.

Their clientele includes research institutions and universities, necessitating tailored datasets for machine translation and natural language processing projects, which are utilized globally across academic research, technology, and AI development sectors. Baobab generates revenue primarily through B2B transactions, partnering with research institutions and companies that require high-quality AI training data for their projects. The business model involves providing services on a contractual basis for specific annotation tasks or data preparation services. Revenue streams include project-based pricing for customized data solutions, which may comprise one-off projects or ongoing contracts for continuous data supply.

Their flagship service, the "Baobab AutoML Vision Report," offers insights into model performance and potential areas for improvement, with pricing structures tailored to client needs, reflecting the complexity and scope of the annotation tasks undertaken. In March 2021, Baobab raised JPY 50 million in Series A funding from KIBOW Foundation. The proceeds will be allocated toward the development of an annotation tool for data creation and to accelerate the building of their organizational structure. The company aims to expand its market presence by targeting new geographic regions and sectors, although specific expansion plans and timelines are not detailed.