Startup Taps Finance Micromodels for Data Annotation Automation

After meeting at an entrepreneur matchmaking event, Ulrik Hansen and Eric Landau teamed up to parlay their experience in financial trading systems into a platform for faster data labeling. In 2020, the pair of finance industry veterans founded Encord to adapt micromodels typical in finance to automated data annotation. Micromodels are neural networks that require less time to deploy because they’re trained on less data and used for specific tasks.