When was Understand founded?

Understand was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Understand located?

Understand is headquartered in Berlin, Germany.

Who is the current CEO of Understand?

Marc Mengler of Understand. They are also an angel investors in 1 startup.

How many employees does Understand have?

As of Aug 31, 2026, the latest employee count at Understand is 58.

Is Understand a funded company?

Understand is a funded company, having raised a total of $***** in its 1st and only funding round, a Seed round on Jan 16, 2018.

When was the latest funding round of Understand?

Understand's latest funding was a $***** Seed round on Jan 16, 2018, with participation from 4 investors. Its primary sector is Autonomous Vehicles. In Germany, the Autonomous Vehicles sector has seen $11.1M in funding in 2026 to date.

Where does Understand rank among its competitors?

Understand ranks 9th amongst 38 active competitors, of which 10 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Deepen, which secured an undisclosed amount in Mar, 2026.

Who are the top competitors of Understand?

Understand's top competitors include Deepen, Segments and Playment. Among them, Deepen secured the most recent funding round in March, 2026.

Understand - 2026 Company Profile, Team, Funding & Competitors

Understand is an acquired company based in Berlin (Germany), founded in 2016 by Marc Mengler. It operates as a Provides image annotation services. Understand has raised $2.8M in funding from LEA Partners. The company has 38 active competitors, including 10 funded and 6 that have exited. Its top competitors include companies like Deepen, Segments and Playment.

Company Details

Understand.ai provides image annotation services to generate training data for AI models. Services include semantic segmentation, bounding box annotation and custom image annotations. They claim to use deep learning techniques along with human input for annotation work. This has use cases in Autonomous driving, Medicine, Drone, Satellite imagery, etc.

Website: understand.ai
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Email ID: *****@understand.ai

Key Metrics

Founded Year

2016

Location

Berlin, Germany

Stage

Acquired

Total Funding

$2.8M in 1 round

Latest Funding Round

Seed, Jan 16, 2018, $*****

Investors

LEA Partners & 4 more

Ranked

9^th among 38 active competitors

Employee Count

58 as on Aug 31, 2026

Similar Companies

Deepen & 38 more

Exit Details

Acquired by dSPACE (Jul 16, 2019)

View Understand's full profile

Understand is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
understandAI GmbH CIN: B1601_HRB727525 , Germany, Active	Apr 11, 2017	-	-
understandAI GmbH CIN: HRB727525 , Germany, Active	Apr 10, 2017	-	60 (As on Dec 31, 2021)

Understand got acquired by dSPACE on Jul 16, 2019.

Click here to take a look at Understand's acquisition in detail

Understand has raised a total funding of $2.8M over 1 round. Its latest funding round was a Seed round on Jan 16, 2018 for $*****. 4 investors participated in its latest round. Understand has 5 institutional investors.

Here is the list of recent funding rounds of Understand:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jan 16, 2018	4287678	Seed	4053961	7541716	6568167	1703392

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View details of Understand's funding rounds and investors

The founders of Understand is Marc Mengler.

Here are the details of Understand's key team members:

Marc Mengler: Co-Founder & CEO of Understand. They are also an angel investor in 1 startup.

View details of Understand's Founder profiles and Board Members

Understand's employee count trend

Understand has 58 employees as of Aug 26. Here is Understand's employee count trend over the years:

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Top competitors of Understand include Deepen, Segments and Playment. Here is the list of Top 10 competitors of Understand, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Deepen 2017, Sunnyvale (United States), Seed	Safety-first data lifecycle tools and services for autonomous systems	-	Plug and Play Tech Center, Swift Ventures ... & 4 others	56/100
2nd	Segments 2018, Leuven (Belgium), Acquired	Saas & AI-enabled perception labeling technology for autonomous driving	$125K	Y Combinator, Volta Ventures & 2 others	53/100
3rd	Playment 2015, Bengaluru (India), Acquired	Testing solutions for autnomous vehicle developers	$2.5M	SAIF Partners, Elevation Capital & 6 others	52/100
4th	Parallel Domain 2017, Palo Alto (United States), Series B	AI-enabled simulation software solutions	$44.3M	Costanoa, Foundry & 6 others	50/100
5th	Mighty AI 2014, Seattle (United States), Acquired	Provider of training data for computer vision and AI models	$27.2M	New Enterprise Associates, Foundry & 5 others	50/100
6th	ANYVERSE 2018, Madrid (Spain), Series A	AI-enabled perception training-datasets for autonomous vehicles	$3.25M	Inveready, Bullnet Capital	49/100
7th	Foresight AI 2017, San Jose (United States), Funding Raised	Provider of data management platform for private market investment lifecycle	-	Basis Set Ventures, Amino Capital	48/100
8th	Kognic 2018, Gothenburg (Sweden), Series A	Provider of SaaS-driven software to improve perception performance for autonomous mobility	$40.3M	Metaplanet, NordicNinja & 4 others	43/100
9th	Understand 2016, Berlin (Germany), Acquired	Provides image annotation services	$2.8M	Synapse Partners, Frontline Ventures & 3 others	41/100
10th	Training Data 2018, Palo Alto (United States), Seed	Provider of validation training data for AI and ML models	$1.85M	THRIVE, S2G Investments & 2 others	40/100