Redpoint Ventures led a $30m Series A round in Heartex.

Redpoint Ventures, a venture capital firm, led a $30m Series A round in Heartex, a startup that bills itself as an “open source” platform for data labeling, with participation from Unusual Ventures, Bow Capital and Swift Ventures. “The angle for the C-suite is pretty simple. It’s all about improving production AI model accuracy in service of achieving the project’s business objective. We’re finding that most C-suite managers with AI, machine learning, and/or data science responsibilities have confirmed through experience that, with more strategic investments in people, processes, technology, and data, AI can deliver extraordinary value to the business across a multitude of diverse use cases. We also see that success has a snowball effect. Teams that find success early are able to create additional high-value models more quickly building not just on their early learnings but also on the additional data generated from using the production models,” Michael Malyuk, Heartex Co-founder and CEO.