DefinedCrowd Corp., a Seattle, WA-based smart data company for AI, closed an $11.8M Series A funding round.
The round was led by Evolution Equity Partners, with participation from Kibo Ventures, Mastercard and EDP (Energias de Portugal) as new investors, and current investors Sony, Portugal Ventures, Amazon Alexa Fund, and Busy Angels. In conjunction wioth the funding, Dennis Smith, Founder and Managing Partner at Evolution Equity Partners, joined DefinedCrowd’s Board of Directors.
The company intends to use the funds to develop its product offerings, expand the team, and increase its market-share globally.
Founded in 2015 by CEO Dr. Daniela Braga, DefinedCrowd provides a SaaS platform allowing data scientists to collect, enrich and structure data to train their AI and ML models via Web API and Web UI, through a combination of human intelligence, automatic tools, and machine learning capabilities.
With in speech and NLP technologies, they support a broad range of use cases, from virtual assistants, to customer review, autonomous vehicles, content categorization, pattern recognition, or even surveillance systems.
The company, which serves BMW, Mastercard, Nuance, and Yahoo Japan, among others, also offers capabilities in 46 languages, supported by their own community, Neevo by DefinedCrowd, which consists of 45,000+ skilled members worldwide.