100 most promising AI startups

We’ve come a long way since forming in 2015. Starting out as a small team, we now have four offices worldwide – Lisbon, Porto, Tokyo, and Seattle – and continue to grow every day.  

Our unique platform has helped many successful companies feed their artificial intelligence applications with training data. Using human intelligence coupled with machine-learning, we deliver project-specific, quality-guaranteed data.    

Today, we’re proud to announce that DefinedCrowd is among CB Insights’ third annual list of 100 AI startups. A research team from CB Insights selected 100 startups based on the following factors: investor profile, market potential, partnerships, competitive landscape, and team strength. 

Source: CB Insights

Companies are categorized by focus area. These focus areas aren’t mutually exclusive and include core sectors such as telecommunications, government, retail, healthcare and enterprise tech sectors such as training data (where we sit), software development, data management, and cybersecurity. 

We are pleased to be among this group of incredible AI startups, selected from an extensive list of 3k+ AI companies, and look forward to seeing these companies grow.  

It´s been a great start to 2019. And, we´re very thankful to everyone who has helped get us here.  

Daniela Braga’s journey with DefinedCrowd

Earlier this week, DefinedCrowd was Featured in Jornal Económico, a premium financial publication in Portugal. We’ve translated the article from the original Portuguese for our English- speaking friends. Enjoy!

Original Article by
António Sarmento

Founded in Seattle, USA, DefinedCrowd is a startup specializing in training data for Artificial Intelligence. The company counts Amazon, IBM, and EDP as investors and clients. 

DefinedCrowd provides services so that data scientists can gather, structure, and enrich datasets for Artificial Intelligence, helping companies improve speed to market and the overall quality of their AI products. DefinedCrowd accelerates enterprise AI initiatives by combining machine learning technology with human-in-the-loop collection processes. Founded in August 2015 by entrepreneur Daniela Braga, the company is headquartered in Seattle, has R&D centers in Lisbon and Porto, and a sales office in Tokyo. 

Three months after its founding, the company opened their first R&D office at Startup Lisbon. Since then, DefinedCrowd has blossomed from an initial team of three employees to a workforce of more than 70 that is still growing.

In 2016, the company raised $ 1.1 million in seed funding, with investors such as Sony, Amazon Alexa Fund, Portugal Ventures, and Busy Angels.
In July 2018, DefinedCrowd closed a Series A funding worth $11.8 million, led by Evolution Equity Partners. EDP Ventures, Mastercard and Kibo Ventures joined as new investors, while Sony, Amazon, Portugal Ventures and Busy Angels bolstered their investments with additional capital for the data company.

“It is important to raise capital if we want to move fast, especially in the technological sector.”   

Daniela Braga to Jornal Económico

This influx of capital is being used to accelerate product development and accelerate team growth. Two-thirds of DefinedCrowd’s 70 employees work out of Portugal. The company expects to add 80 more team members by the end of 2019.

Over the past six months, DefinedCrowd has announced three partnerships: a formal designation as an Amazon Alexa Skills partner, a product integration with IBM Watson Studio; and participation as a featured vendor in Microsoft‘s co-sell program.

DefinedCrowd’s platform provides industry-agnostic data services and can support text, audio, and image annotation. The company’s clients span industries as a result: from Fintech, to Retail, Healthcare, Utilities, and the Internet of Things. Their client portfolio consists mostly of Fortune 500 companies, including BMW, MasterCard, EDP, José de Mello Saúde, SoftBank, Yahoo Japan, Randstad, and Nuance

DefinedCrowd’s goals are ambitious. The company aims to become the world’s number one AI data provider through expanding their client-base and forging new partnerships with industry leaders. 

With a degree in Portuguese Language and Literature, Daniela Braga has spent her career examining the rigorous use of language, the perfect foundation for her business. “We deal daily with data in 70 languages and dialects. Our clients need, at a minimum, native-level speakers and sometimes even require linguists or specialists in language sciences for all of them” says the entrepreneur.

After graduating with a master’s degree in applied linguistics, she went on to earn a PhD in Speech Technologies at the Faculty of Engineering at the University of Porto and taught at the University of A Coruña for two years before joining Microsoft (whom she worked for in Portugal, China and the United States).

After leaving Microsoft in 2013, Daniela moved to American company Voicebox. Simultaneously, she was invited to teach Data and Crowdsourcing for Speech Technologies at the University of Washington. It was during this time that she saw the gap between the Artificial Intelligence data scientists wanted to develop and the training data available to build it. She decided to found her own company as a result.

Waving a well-paid job goodbye, and with few personal resources, she started meeting with investors in Seattle, and quickly received an initial check: $ 200,000 in financing to start her business. A business that is now signing contracts with some of the largest companies in the world.

DefinedCrowd is in constant growth and employee numbers have been updated to reflect our current position.

See You at Web Summit 2018

 

Three years in a row makes for a tradition. Web Summit is here again! Taking place next week, November 5th-8th in Lisbon. We feel like we’ve grown up alongside this event, and know that it’s been critical to our success thus far. At last year’s conference, we launched our public API and met investors like Evolution Equity Partners, who ended up leading our series A. We can’t wait to see what doors open this year.

We’ll be spending most of our time at Growth Summit, which focuses on rapid-growth startups. Wednesday, November 7th, at 10:12am, founder and CEO, Daniela Braga, will take the Growth Stage to discuss her insights from three years spent at the helm of DefinedCrowd. Shortly thereafter, at 11:00am, she’ll return to discuss broad industry themes as part of the Hyper Growth in AI panel.

Finally, in the afternoon from 1-2pm,  Daniela will meet with three female entrepreneurs for 20-minute one-on-one sessions as part of Web Summit’s Women in Tech Mentor program. 

We’re excited for a busy, productive week and can’t wait to see you there. If you’re unable to make these events, or just want to chat in-person, we’ll be at booth G111 all day November 7th.

In summary:

  • Daniela will present DefinedCrowd on the Growth Stage November 7th at 10:12 am;
  • Shortly thereafter, she’ll serve on the Hyper Growth In AI panel at 11:00am, also on the Growth Stage;
  • From 1-2pm, Daniela will meet 1-on-1 with participants in Web Summit’s Women in tech Mentor Program;
  • We’ll be at booth G 111 all day November 7th.

We’re looking forward to spending the first part of November in sunny Lisbon. Stop by our booth, drop us a line on social, or email us at sales@definedcrowd.com if you’re looking to get in touch. See you all next week!

 

DefinedCrowd Closes $11.8 million Series A Funding Round

Big news here at DefinedCrowd this week! Less than three years after our founding in August 2015, I’m beyond proud to announce the closing of an $11.8 million Series A funding round led by New York/Zurich based Evolution Equity Partners.

We’re delighted to welcome Kibo Ventures, EDP Ventures and Mastercard as new investors and are happy that Sony, Portugal Ventures, Amazon and Busy Angels have continued to put their faith in what we’re building.

It’s been a big year for us so far. In January, we publicly unveiled our SaaS platform, which helps data scientists collect, enrich, and structure data to train AI and ML models.

People have noticed.

“DefinedCrowd’s SaaS platform has very quickly positioned the company as an innovative leader to solve AI/ML’s global most pressing problem, the need for continuous access to highly accurate data,” says Dennis Smith, Founder and Managing Partner at Evolution Equity Partners and the newest member of DefinedCrowd’s Board of Directors.

Turns out he’s not the only one who’s been unable to resist jumping on board. In April, after opening our fourth office (the first in Tokyo), Stephen Rauch — a former Starbucks, HBO, and Microsoft Executive — joined DefinedCrowd as our VP of Product.

This Series A round is a real milestone for DefinedCrowd. Again, it’s only been three years since we started on this road, and we’re thrilled to have gotten ourselves to this mile-marker in such a short period of time.

It also means we’re raring to fuel up and drive on. After all, with over 500,000 processed units/day, a growing crowd on Neevo that’s already 45,000+ strong, and data collected in over 46 languages,  we’re used to moving fast around here.

AI models are like high-performance vehicles. Data is the fuel that keeps them running smoothly. Imagine you’re driving your brand new $500,000 Ferrari off the lot. You pull up to a gas station to fill up. Would you risk damaging that beautiful, 700 horsepower engine with unleaded fuel? No. You’re choosing premium. Only the highest quality will do.

That’s where we come in. We’ve been fueling the AI initiatives of Fortune 500 companies from day one. This new capital means we’ll be able to continue doing so, at larger scale, as we offer more clients more solutions to their AI needs.

Expect to hear more from us as we develop our product offering, double our team by December 31st, increase revenue six-fold, and rapidly increase our global market share through strategic partnerships (More coming on this soon!).

We also have big plans to grow and qualify our crowd on Neevo and ensure data security through GDPR compliance and ISO certifications.

2018’s already been a big year at DefinedCrowd, and the future looks bright. More big news coming. Stay tuned!

In the meantime, if you’re building something of your own, check out  our solutions, or write to us at sales@definedcrowd.com.

If you want to build with us, check our Careers Page for current openings.