Reading’s CloudFactory acquires machine learning platform Hasty

By Sam Pither

3 October 2022

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Reading-based human-in-the-loop artificial intelligence business CloudFactory has acquired Hasty, a data-centric machine learning (ML) platform, with advice from international law firm Osborne Clarke.

Since its establishment in 2010, CloudFactory grown to manage offices across four continents.

The acquisition of Berlin-based Hasty enables CloudFactory to offer users natively built, AI-assisted automation capabilities which reduce manual data work and maximise workforce productivity. Integrating Hasty's AI-assisted labelling and data-centric platform with CloudFactory's human-in-the-loop AI solutions will accelerate production of ML models.

Mark Sears, CEO of CloudFactory, said: “We're seeing our most successful clients shift from manual data labelling to AI-assisted labelling, and from a model-centric to a data-centric approach. This shift requires best-in-class labelling automation and tools to work on the model and the data in tandem - enabling rapid feedback and fast iterations."

Osborne Clarke's UK team was led by Corporate Partner Justin Starling and included Paralegal Fern Tawera as well as Partner Anika Chandra and Senior Associate Rhiannon Jones (incentives).

Partner Justin Starling, who is based in Osborne Clarke’s Reading office commented: "It was a pleasure to support Mark and the CloudFactory team on the acquisition of Hasty, which will see the company further harness the potential of AI, particularly ML, as they accelerate development and delivery of high-performing models for clients".

In Germany, the team was led by Maximilian Vocke who was supported by Robin Eyben and Robert Marx (corporate); Dr. Matthias Kloth, Robert Briske, Dr. Marius Tillwich, Philip Funke and Louisa Hartig (IP); Dr. David Plitt and Dr. Sebastian Lilje (employment); Dr. Hendrik Schöttle and Cédric Ludwig (IT); Dr. Jens Wrede and Jan-Niklas Buttermann (tax); and Neil Simon-Weaver (data protection).

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.