Numind Raises $3 Million To Create Custom Nlp Models Powered With Llms

NuMind, a Y Combinator Summer 2022 alum, recently launched out of private beta and announced its $3 million in seed funding. The company’s software tool enables all companies to quickly create machine learning models for performing tasks like analyzing sentiment, detecting topics, moderating content, and creating chatbots. This $3 million seed investment was led by Flybridge and additional funding was provided by Brazil-based big_bets, Carya Ventures, the Pioneer Fund, Velocity Ventures, Sharpstone Capital, and Y Combinator. NuMind’s Interactive AI Development paradigm is considered similar to how people are taught, with an interactive process of questions, answers, and explanations. The company offers reduction of labeling effort through the use of LLMs, automatic machine learning, active learning, a labeling interface, a live performance report, multilingual models, and full ownership of models.