Seattle startup DefinedCrowd lands $50M to help Mastercard, BMW, others improve their AI services

Seattle startup DefinedCrowd lands $50M to help Mastercard, BMW, others improve their AI services
  • Seattle startup DefinedCrowd - that is filling the need in reliable data for Fortune 500 companies - announced a $50.5 million Series B round Tuesday to fuel growth of its AI training data technology platform as it aims to be “the world’s best data company for AI.”
  • The investment marks the largest Series B round raised by a female-founded AI startup. Investors in the round include new backers Semapa Next and Hermes GPE, and existing investors Evolution Equity Partners, Kibo Ventures, Portugal Ventures, Bynd Venture Capital, EDP Ventures and IronFire Ventures.
  • Total funding to date is $63.6 million.
  • Founded in 2015, DefinedCrowd uses a combination of machine learning with a crowdsourced community of 290,000 human contributors to train AI systems in 50 languages across 195 countries.