Megan Harper
In May 2025, Amsterdam-based AI data solutions company Toloka secured $72 million in funding to accelerate its expansion, particularly in the U.S. market. The round was led by Bezos Expeditions, the personal investment firm of Jeff Bezos, with participation from Mikhail Parakhin, CTO of Shopify, who will join Toloka’s board as executive chairman.
Toloka specializes in human-in-the-loop AI data solutions, providing high-quality datasets for training and evaluating AI models. The company collaborates with major tech firms, including Amazon, Microsoft, and Anthropic, leveraging a global network of over 200,000 experts and annotators across more than 40 languages.
Originally part of Russian tech giant Yandex, Toloka became an independent entity under the Nasdaq-listed Nebius Group following a $5.4 billion corporate restructuring. As part of the latest funding round, Nebius will retain a significant economic stake in Toloka but will relinquish majority voting control, granting Toloka greater operational independence.
Key Details
- Company: Toloka
- Funding: $72M
- Headquarters: Amsterdam, Netherlands
- Investors: Bezos Expeditions, Mikhail Parakhin, Nebius Group
- Use Case: Human-in-the-loop AI data solutions for training and evaluating AI models
