An Interview With Dinheiro Vivo

At last week’s Web Summit, we were lucky enough to sit down with Dinheiro Vivo, a leading financial publication in Portugal. Our conversation touched on everything from the quality-focused approach to training data to AI use-cases across industries. Watch the full interview here (in Portuguese), or check out the English transcription below:

Dinheiro Vivo [DV] – For those who still do not know your work, what does DefinedCrowd do?

Daniela Braga [DB] – We are a data collection and cleaning platform for Machine Learning and for Artificial Intelligence. Our platform combines crowdsourcing with machine learning. A mixture of people and machines working at the same time.

Artificial Intelligence is the imitation of a human brain, artificially. To develop our own intelligence, we go to school, we read many books. It takes a lifetime for a person to be able to react and make decisions in their daily lives. The way machines learn is similar. But with the computational capacity that is currently possible using the cloud and our platform, in just 3 months we can combine thousands of human brains in the same computational memory.

Our platform combines crowdsourcing with machine learning. A mixture of people and machines working at the same time.

DV – And then (the data) is used in applications that we use every day?

DB– Namely Apple Siri, Google Assistant, Alexa. Self-driving cars and even more industrial applications like machines that are doing quality control instead of having people doing it. Or at airports with automatic flight controllers.

DV – And this year was a dazzling year, an investment round, new partners, an office in Tokyo. What have you done to achieve this success?

DB – Especially in the United States, our largest market is still the United States, followed by Japan and followed by Europe. Clients are more open, they’re investing in Artificial Intelligence.

There are many companies in machine learning but there is practically no one doing data cleaning and treatment like us. It’s like the spades and pickaxes of the gold rush. We are making the shovels and picks of AI, of modern times.

DV- And coming to Web Summit also makes all the difference, right?

DB– Our growth milestones have been basically aligned with those of Web Summit. We have been here since 2016, which was the first year Portugal hosted Web Summit. We had closed our seed series. Last year (2017) we basically met the group of investors to close the series A. And this year we are here to be on the list of the top 10 AI companies in the world.

DV – And finally, when you leave Web Summit, what do you expect to take with you?

DB – This year it’s basically a visibility and recruitment maneuver- we are in an aggressive recruitment phase. We want to demonstrate that this is really the best place to work in Portugal. We’re also looking to continue developing partnerships, and solidify go-to-market strategy. Next year, I would like for 50% of our revenue to come from partnerships.

Wrapping up Web Summit

According to The Atlantic, it’s the place “where the future goes to be born.” The always descriptive New York Times has dubbed it “a grand conclave of the tech industry’s high priests.” After three consecutive trips to Web Summit, we’ll go ahead and call it one of the most thought-provoking events we attend year-after-year. We’ve already marked our calendars for 2019 and can’t wait to see faces, old and new, next November in Lisbon.

This year’s highlights included a DefinedCrowd pitch on the Growth Summit Stage, a fascinating panel on the future of AI featuring our founder, Daniela Braga, alongside Sam Liang (AISense), Jean-Francois Gagné (Element AI), and Vasco Calais Pedro (Unbabel), all leaders of scaling startups with their fingers on the pulse at the crossroads of technological innovation and global enterprise. It was also a pleasure to share the stage with António Mexia, CEO of EDP, which is the largest energy provider in Portugal as well as one of our clients and investors.

“We learn during years and years. We go to school, we read many books. It takes a life for a person to be able to react and make decisions in their daily lives. The way machines learn is similar. But with the computational capacity that is currently possible, with the cloud and with our platform, in 3 months it is possible to combine thousands of human brains in the same computational memory. “ 

-Daniela Braga DefinedCrowd Founder and CEO 

Missed those speeches and panels? Don’t worry. Daniela spent a lot of time off-stage sharing thoughts (like the one quoted above) on the present and future of AI with outlets such as Expresso, RTP, Journal Economico, Noticias ao Minuto, TVI 24, and Dinheiro Vivo. We’ve linked them all here [in the original Portuguese] for your convenience. Go ahead and have a look!

Of course, the most enjoyable part of events like Web Summit is the conversations that are sparked after a speech, panel, or simply as a result of wandering in front of the right booth. We know how valuable those discussions can be as they develop into formalized relationships with future investors, clients, thought-leaders, and partners.

We’re happy to have started a lot of these dialogues with contacts across industries and media at booth G111. To those we met, it was a pleasure. Let’s keep talking. To those we didn’t (or those who misplaced our business cards), we’re always available at pr@definedcrowd.com. We’re looking forward to hearing from you.

See you all next year!

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!

 

We’re teaming up with IBM to make high-quality training data more accessible than ever

Our product Integration with Watson Studio means researchers can now access high-quality training data to train, test and build models all on one platform.

Today marks another huge product milestone here at DefinedCrowd; I’m very excited to announce our product integration with IBM’s Watson Studio. A lot of hard work went into my being able to type those lines this morning, all well worth it for us and our end-users. With DefinedCrowd’s data solutions embedded within Watson Studio, customers can now source, structure, and enrich training data directly from the Watson Studio.

From a logistical perspective, users will be able to set up DefinedCrowd’s customizable data workflows through a dedicated user interface unique to the Watson Studio, the goal being to offer a seamless, one-stop solution for researchers looking to build, train, and test AI models all on the same platform.

In addition to more accessible data, we’re also providing users with quality guarantees that will ensure high-performing results. We’re launching this collaboration with two of our most in-demand workflows, Image Tagging and Text Sentiment Analysis. It’s crucial that these sorts of datasets are sourced and delivered with precision and accuracy, as we’ve detailed in our series on data-labeling. Earning a tech giant like IBM’s trust in handling such critical workflows is a real testament to our work so far.

It’s been a treat to work alongside IBM during this process. A product integration like this doesn’t just increase our exposure externally. Internally, we also get a chance to really examine our core product offerings and focus on how they can be expanded and improved. My team is hard at work on exactly that, and we can’t wait to share all the things we’re building with you. I promise you’ll be hearing from me again very soon.

This integration with IBM fits with an emerging pattern of joint-initiatives between various tech leaders and DefinedCrowd. Earlier this year, we were chosen as an official Amazon Alexa Skills partner, and we’ll be announcing another big collaboration later this year. Joint-efforts like these are an enormous part of our efforts to improve our product offerings to serve a wider array of clients.

We’re ambitious here. Our goal is— and always has been— to stake our claim as the first-choice service provider for high-quality AI training data. Product integrations like this one with IBM are massive for expanding our product capabilities—always my number one priority— and diversifying our client roster. We’re well on our way on both fronts.

So, if you’re an IBM Watson Studio user, we’ll be right there to help the next time you’re building an image recognition or text sentiment analysis model.

Not a Watson Studio customer? Or, need something other than image tagging and sentiment annotation services? Worry not. Check out our wide array of data solutions or email us at sales@definedcrowd.com.

Why precision data-labeling remains the essential ingredient for successful AI

When we talk about AI, things like driverless cars, lightning-speed medical diagnoses, and smart infrastructure tend to dominate the conversation. That makes sense. On any given day, you might find us talking about those same scenarios around our water coolers too. But, we’d be naive to think that future use-cases like these are simple inevitabilities. For AI to deliver on its potential, we’ll have to peel back the curtain and scrutinize how these models are made.

It’s no secret that the vast majority (90%) of data floating through the digital realm is unstructured. As a result, it’s critical that AI models are properly trained to make sense of that ever-growing pile of text, images, audio and video.

That’s why precisely annotated data is to AI models as high-quality ingredients are to a fine meal. With strong datasets as a base, AI “chefs” can confidently focus on their craft. Without it, they’re trying to make French Onion Soup with no butter and a bag of rotten onions. Things can only end badly.

While we’ve had thousands of years to perfect the art of cultivating produce and harvesting grains, we’re not so far along when it comes to AI training data. Of course, everybody knows that better ingredients make for better products, but as an industry, we’re still in the early years. Right now, that means we’re constantly finding out all the minute seemingly inconsequential details that can cause a training dataset to “spoil.”

AI and ML scientists know this all too well. Right now, most of them spend more than half their time retroactively “scrubbing” tainted training data, trying to salvage what they can.

Take text sentiment annotation, for example. The goal is deceptively simple: Does this sentence express positivity, negativity, or neutrality? However, when you consider the domain-specific, ever-in-flux slang that dominate subcultures across social channels, you start to understand all the ways that can go wrong.

To illustrate the point, let’s consider the following two sentences. “What a screamer!” and “What a howler!” On the surface, those are two sentences with the same structure and meaning. Agree? Good. But now, let’s pretend we’re tweeting about the World Cup Final. In soccer lingo, a “screamer” connotes an epic goal, while a “howler” indicates a boneheaded mistake. Those two sentences we agreed were effectively the same now have completely opposing meanings and correlated sentiments.

That seemingly small variation would make a world of difference for, say, a Sports Marketing firm deciding when to put a jersey on sale, or unfortunately but more crucially, where a police force might need to deploy extra protective measures after a big match.

Soccer Player executes overhead kick
If he makes it? It’s a “screamer,” If he shanks it off his foot? A “howler.” In soccer parlance, the two are worlds apart.

Not only do data researchers need to be cognizant of specific social contexts, they also need to pay close attention to the biases that arise out of common social contexts. In the realm of computer vision, particularly facial recognition technology, we’ve seen how harmful poorly considered datasets can be in perpetuating inequity by excluding people from access to new technologies.

Truth is that, while data annotation may not garner the same buzz as the sci-fi future use-cases we all know so well, if we don’t really scrutinize and refine our processes for cultivating precision datasets, we’re going to see a lot of firms trying to serve full tasting menus with empty pantries.

That’s why at DefinedCrowd, we’re always pushing for new ways to scrutinize data collection and annotation processes and anticipating the edge cases that other firms tend to let slide through the cracks. Check out our use-cases to learn more about how we’re able to guarantee clients high-quality data at speed and scale.  To see what high-quality data can do for you, request a trial or email us at sales@definedcrowd.com. 

Our Series A round in the News

What a week it’s been! In case you missed it, on July 31st, we announced the closing of an $11.8 million Series A Funding round. That’s a huge milestone for us, especially considering we were founded less than three years ago. We’ve been having a lot of exciting discussions internally as we strategize on how to deploy this capital to stimulate growth, improve our product offerings and increase our global market share.

We’re glad to hear elements of that discussion taking place outside of these walls. Our Series A got some fantastic coverage from an outstanding, and geographically diverse, group of publications.

It really was an honor to see our story in flagship publications like Venturebeat, The Seattle Times, and Built In Seattle for our English-speaking audience, and Expresso and Público for our Portuguese-speaking friends.

We’re also thankful for the coverage from major names in financial and business news like FortuneYahoo FinanceMarket Insider, and the Puget Sound Business Journal in English and Jornal de NegociosDinheiro Vivo, and ECO in Portuguese.

Whichever is your language (and if it’s both, cheers) curl up with some of this fantastic reading this weekend, or better yet, this evening.

And hey, if all this press means you’re hearing about DefinedCrowd for the first time, or the first time in a while, welcome! We’re glad you’re here. The articles linked here provide some excellent information on our company. But, we’ll introduce ourselves here too.

In a nutshell, we’re an AI and ML training-data company. We collect, enrich, and structure training data to fuel AI initiatives at an array of Fortune 500 companies across industries.

Our unique combination of customizable workflows and human-in-the-loop data collection processes means we provide higher quality training data (98% accuracy capabilities) at faster speed (5x-10x faster than competition) and larger scale (46+ languages covered) than our competitors.

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

And, if you want to build with us, great news! We’re hiring. Keep tabs on our Career Page for current and future openings.

Happy reading!

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.