Estonia-based Co-one, an AI-driven data tagging service, has successfully raised €4.2 million in its seed investment round led by Maxis Innovative Fund to enhance its operations and expand its European market presence.

Information on the Target

Co-one, a valuation of €4.2 million, is an innovative company based in Estonia that specializes in AI-driven data tagging services. Founded in 2021 by A. Arman Kayhan and Mert Menekşe, Co-one addresses the critical need for labeled data in artificial intelligence applications, ensuring accuracy and reliability in data disclosure.

Co-one offers advanced tools such as the Annotation Management Dashboard, which allows firms to efficiently manage their data labeling processes. Additionally, the Kovan App enables over 3,500 users to earn income by tagging data, thus creating a unique opportunity for crowdsourced data labeling.

Industry Overview in Estonia

Estonia has emerged as a notable player in the technology and startup ecosystem in Europe, partly due to its robust digital infrastructure and supportive government policies aimed at fostering innovatio