Mighty AI (fka Spare5), a Seattle, WA-based provider of tools, data and services to build artificial intelligence models, raised a $14M Series A1 round of funding.
The round was led by Intel Capital with participation from new investors GV (formerly Google Ventures) and Accenture Ventures and additional investment from Foundry Group, Madrona Venture Group and New Enterprise Associates (NEA).
The company will use the new funding to extend both its TDaaS platform and community of Fives—a network of tens of thousands of individuals who conduct microtasks in their spare time, such as identifying and labeling objects in images or doing sentiment analysis of text, as well as to grow its team by adding new data scientists, engineers and product, sales and marketing professionals.
Led by Founder and CEO Matt Bencke, Mighty AI provides the Training Data as a Service™ (TDaaS™) platform which allows businesses to obtain the datasets they need to train and scale their computer vision and natural language models.
In addition to the funding, Mighty AI signed agreements with Intel and Accenture (NYSE: ACN). Intel will be able to promote and sell Mighty AI’s training data services to its global customers. Accenture will recommend and integrate Mighty AI’s training data services for its global clients.