First Round (Paths to PMF series) · 2023-05-24
· 1106d
Labelbox's Path to PMF: Why Founders Must Be Contrarian and Right Through Customer Discovery
Labelbox co-founder and CEO Manu Sharma shares how prioritizing deep customer discovery and idea validation over rapid MVP building enabled the company to achieve product-market fit and hockey-stick growth. Despite being highly technical founders, Sharma and his co-founders spent early days on customer research rather than building, which led to identifying the critical problem of collaborative cloud-based data labeling. Now a Series D company with $188M in funding, Labelbox emerged as a leader in the data labeling industry by solving a problem that became increasingly important as AI capabilities scaled.
Metrics in this report
Daily Satellite Image Collection
300-400images
daily
Planet Labs data collection volume
Series D Funding
188M$
total
Labelbox total raised capital