Figure Eight, a San Francisco, California-based AI data enrichment platform, as per recent reports, has been acquired by Appen, a Chatswood, New South Wales, Australia-based datasets developer for machine learning (ML) and artificial intelligence (AI). Financial details and terms of the acquisition deal were not disclosed.
According to Becky Scott, Figure Eight chief operating officer, the conjunction of these two companies offer a “single-source global data annotation solution for any company, in any vertical, seeking to advance its use of artificial intelligence.”
“With a critical component of our integration complete, we’re excited for the opportunity to deliver immediate value to Figure Eight customers who can now accelerate their AI and ML initiatives with the massive scale of Appen’s crowd,” states Mark Brayan, Appen’s chief executive officer. “We’re also pleased to offer even more flexible work from home opportunities to our crowd as a result of integrating with the Figure Eight platform.”
Figure Eight, which employs human intelligence to build quality datasets, trains machine learning (ML) models relating to natural language processing (NLP); images, video, and computer vision; search relevance; data enrichment; and speech-to-text.
As per the terms of the acquisition agreement, Figure Eight customers will now have access to Appen’s over one million on-demand global crowd workers that span around 130 countries all around the world and are fluent in 180 languages and dialects.
Figure Eight, which was established in 2009 as CrowdFlower, rebranded itself in Apr. 2018, refocusing its attention on AI and ML opportunities.
Figure Eight has to date raised $58 million in funding from venture partners and firms which includes K9 Ventures, Industry Ventures, Trinity Ventures, and Bessemer Venture Partners.