Vendor profile · Directory · Managed service
Innodata
The 1988 data-engineering veteran turned AI data supplier: a NASDAQ-listed managed service whose revenue more than doubled in a year on frontier-lab data work.
| Model | Managed service, publicly traded (NASDAQ: INOD) |
|---|---|
| Founded | 1988 |
| Headquarters | Ridgefield Park, NJ |
| Pricing | Not published — project-based quotes |
| Website | www.innodata.com |
What Innodata does
Innodata was founded in 1988 and has traded on NASDAQ (INOD) since its 1993 IPO — one of only a handful of publicly traded companies in this directory, which makes its financials a matter of SEC record. It spent three decades converting and structuring content for publishers and information companies before pivoting to AI data engineering: training-data creation and annotation, RLHF, red-teaming and model evaluation for large technology companies.
The pivot shows in the filings: revenue rose from $86.8 million in fiscal 2023 to $170.5 million in fiscal 2024, and the company reported record quarterly revenue of $92.1 million in Q2 2026, up 58% year over year. It operates through Digital Data Solutions, Synodex (medical-record data) and Agility (media intelligence) segments, with a reported workforce of roughly 10,000.
Strengths
- Publicly traded — audited financials and segment reporting are public record, a transparency outlier alongside Appen
- Verified growth: $170.5M fiscal 2024 revenue, record $92.1M quarter in Q2 2026 (company reports)
- Long operating history across content, data and AI transitions since 1988
Considerations
- No published pricing — quotes are project-based
- Much of the business remains content operations and media intelligence, not frontier-lab data
- Workforce and segment figures are company-reported, as with every vendor in this category
Other managed services in the directory
- Scale AI — The largest enterprise data engine: annotation, RLHF, evaluation and red-teaming delivered as managed programs for frontier labs and governments.
- Appen — The category’s longest-running operator: a publicly traded managed data provider with a crowd of over one million contributors in 170+ countries.
- Surge AI — The bootstrapped quality maximalist: over $1 billion in 2024 revenue with no outside capital, built on credentialed experts rather than crowd volume.
- iMerit — A managed data-services company that pairs employed specialist teams with its Scholars expert network — and, since 2026, sits inside EXL.
- Sama — The original impact-sourcing annotation company: a Certified B Corp running managed programs with its own full-time workforce in Kenya and Uganda.
- CloudFactory — A managed-workforce company: trained analyst teams in Nepal and Kenya delivering annotation and data processing as a consumption-priced service.
- Cogito Tech — A US-registered managed annotation company whose India-based workforce and specialist consultants concentrate on healthcare, legal and financial AI data.
- Label Your Data — A managed annotation service that does the rarest thing in this market: publishes its per-unit prices, with no minimum order.
- Zilo AI — A Bangalore staffing-and-annotation firm with a distinct model: its annotators work inside the platform you already use, instead of selling you theirs.
- TELUS Digital — The telecom-owned data giant: TELUS’s digital arm runs one of the world’s largest AI data operations, built on the $935M acquisition of Lionbridge AI.
- Invisible Technologies — The operations company that became a frontier-lab data supplier: managed expert teams, an RL Data Lab, and the Meridial expert marketplace — valued above $2 billion in 2025 reporting.
- Shaip — A healthcare- and conversational-AI data specialist — collection, licensing and annotation — now operating inside Ubiquity Global Services after its 2026 acquisition.
Frequently asked questions
What does Innodata do?
The 1988 data-engineering veteran turned AI data supplier: a NASDAQ-listed managed service whose revenue more than doubled in a year on frontier-lab data work.
How much does Innodata cost?
Innodata does not publish pricing (not published — project-based quotes). Any figure quoted by third parties is an estimate; budget discovery requires engaging the vendor directly.
Who is Innodata best for?
Enterprises and model developers that want a managed data supplier with public financial reporting, a 35-plus-year operating history, and delivery scale across time zones.
Who should not use Innodata?
Small or self-serve projects — Innodata sells managed programs through a sales process, and its heritage is document and content operations rather than frontier expert networks.
Sources
- Investor FAQs: founded 1988, headquartered Ridgefield Park NJ, NASDAQ: INOD — investor.innodata.com
- Innodata company profile (segments, founded 1988, HQ) — TradingView
Facts on this page were drawn from the public sources above, checked November 2026. If you spot an error, tell us at the corrections address in the footer — we fix sourced errors and note the change.
Profile last updated: November 8, 2026 · How we write profiles · Corrections: [email protected]