📣 SignalFire is super excited to announce our Series B investment in Centaur Labs today in partnership with Wesley Yiu @ Alumni Ventures, Stan Reiss Matrix, Derick En'Wezoh, MBA @ Susa Ventures, Accel and Samsung Next! 📣 Imagine a turbocharged race car sitting idle at the track because the pit crew can’t find the right gas to fill it. That’s what the healthcare AI field feels like right now. Billions of dollars are being spent on companies led by the brightest minds in the world, yet their AI programs are struggling because they don’t have the right fuel. ✨ The missing fuel? Data, which is used to train and improve AI algorithms of all kinds. In healthcare, the problem isn’t lack of data—just the opposite. The average hospital produces enough data to fill about 70 million books every day. The problem is most of the information is bad or unusable, and in healthcare the stakes are too high to use anything but top-tier data. Centaur Labs, led by MIT PhD Erik Duhaime, Zach Rausnitz, and Tom Gellatly provides healthcare companies with accurate data they can use to create AI tools faster, more accurately, and for less money. Centaur uses a gamified app to attract tens of thousands of medical experts from around the globe who compete for cash prizes while annotating anonymized patient data on a HIPAA-compliant app. Because every piece of data is looked at by multiple experts, it’s like getting a second or third opinion on everything at a fraction of the cost. Centaur Labs is the latest company in our XIR program, which pairs deeply experienced tech industry leaders with high-potential companies. In this case, Erik is teaming up with former Privia Health Co-Founder & CEO Jeff Butler! 🙌 #healthtech #healthcareAI #healthcaredata Adele English Chris Scoggins
Woohoo! Welcome Centaur Labs team! 🎉
So excited to fuel this next-gen of healthcare AI! 🏎 🏎
Congratulations on the Series B round! 🚀 The healthcare AI space is evolving rapidly, and Centaur Labs’ approach to data accuracy is a game changer. If youre looking for ways to optimize your AI data solutions even further, lets connect and explore how we can support your initiatives!
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🔥 🔥 🔥 On fire
Good one Yuanling Yuan
Congrats Yuanling Yuan, excited to work with you on this one!
Yuanling Yuan you're on a roll!! 🔥
Nice Yuanling Yuan! ☺️☺️☺️
Partner at SignalFire
2moThank you Claire Rychlewski for the amazing coverage at Axios! https://www.axios.com/pro/health-tech-deals/2024/10/08/centaur-labs-16m-series-b-data-labeling-ai