DefinedCrowd, a Seattle, WA-based data provider for artificial intelligence, raised (in May 2020) an additional US $50.5M in a Series B funding round.
Backers included Semapa Next and Hermes GPE, and existing investors Evolution Equity Partners, Kibo Ventures, Portugal Ventures, Bynd Venture Capital, EDP Ventures and IronFire Ventures. They joined long-term investors including Amazon Alexa Fund, Sony Innovation Fund and Mastercard.
The company intends to use the funds to continue to expand its existing solutions to create interaction between people and machines, launch new innovative subscription-based offerings, grow their global reach, and double the number of its employees and open more research and development offices around the world by the end of 2020.
Led by founder and CEO Daniela Braga, DefinedCrowd offers efficient data workflows that enable data scientists to collect, synthesize, enrich and structure training data. They do this by combining human-in-the-loop, automatic tools, and machine learning capabilities to accelerate enterprise machine learning and Artificial Intelligence initiatives training and modeling. The company is based in Seattle, WA, USA, with offices in Lisbon and Porto, Portugal, and Tokyo, Japan.