CloudFactory Acquires Hasty, a Leading Platform to Accelerate Vision AI
The following is a copy of an article published on PRNewswire.com on September 8, 2022. The full article can be found here.
DURHAM, N.C.--(BUSINESS WIRE)--CloudFactory, a global leader in human-in-the-loop artificial intelligence (AI), today announced that it has completed the acquisition of Hasty, a data-centric machine learning (ML) platform that allows companies to build and deploy vision AI applications faster and more reliably. Combined with CloudFactory’s best-in-class workforce, the acquisition will provide clients with all the essential components needed to accelerate the development of high-performing models.
“We're seeing our most successful clients shift from manual data labeling to AI-assisted labeling, and from a model-centric to a data-centric approach," said Mark Sears, CEO of CloudFactory. “This shift requires best-in-class labeling automation and tools to work on the model and the data in tandem - enabling rapid feedback and fast iterations."
Hasty's platform provides users with natively built, AI-assisted automation capabilities that reduce manual data work and maximize workforce productivity. Hasty brings agile methodologies to vision AI by retraining models during labeling. This agility provides the insight needed for data scientists and engineers to focus on the data–enabling teams to optimize models iteratively throughout the entire development process.
The acquisition of Hasty fits into CloudFactory's strategy to lead in more aspects of the AI development lifecycle. Integrating Hasty's AI-assisted labeling and data-centric platform with CloudFactory's human-in-the-loop AI solutions will bring ML models into production faster.
About CloudFactory
CloudFactory is a global leader in combining people and technology to support the AI development lifecycle. Their human-in-the-loop AI solutions, powered by more than 7,000 expertly trained and managed data analysts, are trusted by AI leaders at 700+ companies, including Microsoft, Mitsubishi, Ibotta, Expensify, and Matterport. Founded in 2010 and with offices on four continents, CloudFactory is on a mission to create economic and leadership opportunities for talented people in developing nations. For more information, visit www.cloudfactory.com.
