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Sapien AI Secures $5 Million in Seed Funding
Artificial intelligence firm Sapien AI recently announced the successful completion of a $5 million seed funding round. The funding round saw participation from prominent investors including Primitive Ventures, Animoca Ventures, and Yield Guild Games.
Accelerating AI Model Training
Sapien AI plans to utilize the raised capital to expedite its mission of offering scalable annotation services for training AI models. The firm’s gamified data labelling platform has been instrumental in revolutionizing the data labelling process for enterprises.
“This funding will enable us to enhance our team, upgrade our frontend labelling infrastructure, and deliver high-quality data solutions to our expanding base of enterprise clients,” stated Trevor Koverko, co-founder of Sapien.
Driving Innovation in AI Data Labelling
Founded in 2023 and headquartered in San Francisco, Sapien AI has been at the forefront of leveraging blockchain-based rewards to gamify the data labelling experience. The firm caters to a diverse range of industries including healthcare, web3, education, and leading LLMs.
The latest funding injection will support Sapien AI in further refining and open-sourcing its gamified labelling infrastructure. By fostering a collaborative environment between humans and AI, the company aims to establish a new benchmark for data labelling practices.
Industry Recognition and Support
James Ho, Head of Animoca Ventures, commended Sapien AI’s innovative approach to data labelling, emphasizing the fusion of advanced technology with human expertise. The company’s profound market understanding and dedication to customer satisfaction position it as an ideal partner for organizations seeking top-tier data for AI model training.
“We are thrilled to back Sapien as they continue to expand and make significant strides in the AI landscape,” added Ho.
Venture Capital Funding Trends in 2024
The first quarter of 2024 has witnessed a notable surge in venture capital funding within the Web3, gaming, AI, and crypto sectors. Data compiled by industry experts indicates a resurgence in investor confidence, with a substantial increase in both the total investment amount and the number of projects securing funding.
Key highlights from the data include a 38% rise in funds invested during the quarter, signaling a renewed interest in the crypto industry. Additionally, there has been a remarkable 49% uptick in the number of projects receiving funding, marking a level of growth not seen since Q4 2021.