Figure Eight
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | $1.2m | Seed | |
$5.0m | Series A | ||
$9.3m | Series B | ||
$12.5m | Series C | ||
$10.0m | Series D | ||
$20.0m | Late VC | ||
$300m | Acquisition | ||
Total Funding | €52.7m |
Recent News about Figure Eight
EditFigure Eight, now part of Appen, specializes in providing high-quality training data essential for machine learning and artificial intelligence applications. The company operates in the AI and data annotation market, serving a diverse range of clients including technology giants, automotive companies, financial services, retail, and healthcare sectors. Figure Eight's business model revolves around crowdsourcing, utilizing a curated crowd of over 1 million flexible contractors worldwide to generate and validate data. This approach ensures scalability and accuracy, making it a preferred partner for companies aiming to develop and refine AI models. Revenue is primarily generated through service contracts and project-based engagements, where clients pay for the volume and complexity of data processed. The company has received numerous accolades, including being ranked as the largest language service provider in the Asia Pacific region and recognized for its contributions to diversity and inclusion in the workplace.
Keywords: AI, machine learning, data annotation, crowdsourcing, technology, automotive, financial services, retail, healthcare, global contractors.