Enterprise AI options startup Hive raises $85M on $2B valuation

Cloud-based enterprise synthetic intelligence options startup Hive has raised $85 million in new funding to speed up the expansion of the corporate’s portfolio of cloud-based deep studying fashions by way of continued investments in merchandise and elevated funding in gross sales and advertising and marketing.

The Collection D spherical was led by Glynn Capital and included Common Catalyst, Tomales Bay Capital, Jericho Capital and Bain & Firm. The funding valued the corporate at $2 billion.

Based in 2013, Hive gives cloud enterprise AI options designed for clever automation. Providing a portfolio of deep studying fashions constructed with consensus-validated coaching knowledge, the corporate’s AI automation could be utilized to content material moderation, sponsorship measurement, context promoting, retail execution, doc parsing and knowledge labeling.

Hive’s hosted machine studying fashions are supplied by software programming interfaces and are charged on a utilization foundation. Firms can combine with Hive’s pre-trained deep studying fashions to automate beforehand guide or nonscalable duties of deciphering photos, video, textual content and audio knowledge.

The corporate pitches its service as differentiated by unparalleled accuracy, attributed to its vertically built-in mannequin. Hive operates a distributed human workforce of greater than 2 million registered contributors globally who’re used to supply and annotate high-quality coaching knowledge. This coaching knowledge powers Hive’s fashions that are collectively educated on greater than 1 billion items of hand-labeled knowledge.

Hive has discovered a keen viewers having seen each its income and buyer numbers improve by greater than 300% within the final 12 months off undisclosed bases. Notable prospects embrace Bain & Co., NBCUniversal Media LLC, Interpublic Group of Firms Inc., Walmart Inc., Visa Inc., Anheuser-Busch InBev SA/NV and Reddit Inc.

“The complete potential of enterprise automation goes far past the again workplace,” Kevin Guo, Hive co-founder and chief government officer, mentioned in an announcement. “We’ve entered a brand new period the place deep studying fashions could make human-level intelligence scalable for an elevated variety of sensible and high-value automation use instances. We imagine best-in-class AI ought to be accessible to firms of any dimension with the simplicity of an API name.”

Together with the brand new funding, Hive has raised $121 million.

Picture: Hive

Because you’re right here …

Present your assist for our mission with our one-click subscription to our YouTube channel (beneath). The extra subscribers we now have, the extra YouTube will counsel related enterprise and rising know-how content material to you. Thanks!

Assist our mission:    >>>>>>  SUBSCRIBE NOW >>>>>>  to our YouTube channel.

… We’d additionally wish to let you know about our mission and how one can assist us fulfill it. SiliconANGLE Media Inc.’s enterprise mannequin relies on the intrinsic worth of the content material, not promoting. In contrast to many on-line publications, we don’t have a paywall or run banner promoting, as a result of we wish to preserve our journalism open, with out affect or the necessity to chase site visitors.The journalism, reporting and commentary on SiliconANGLE — together with reside, unscripted video from our Silicon Valley studio and globe-trotting video groups at theCUBE — take lots of onerous work, money and time. Holding the standard excessive requires the assist of sponsors who’re aligned with our imaginative and prescient of ad-free journalism content material.

Should you just like the reporting, video interviews and different ad-free content material right here, please take a second to take a look at a pattern of the video content material supported by our sponsors, tweet your assist, and preserve coming again to SiliconANGLE.


Please enter your comment!
Please enter your name here



IG Port (TYO:3791) Is Experiencing Progress In Returns On Capital

What are the early tendencies we should always search for to determine a inventory that might multiply in worth over the long run?...

Worldwide Way of life Retailer, Anthropologie, Coming to First Avenue Napa in 2021

NAPA, Calif., Dec. 17, 2020 /PRNewswire-PRWeb/...

Market in Bridgewater vandalized, group rallies behind enterprise homeowners

BRIDGEWATER, Va. (WHSV) - When Tisha McCoy-Ntiamoah arrived at her PrePOPsterous counter on the North River Market on Monday morning, one of many entrance...

DStv launches first unique Pan-African way of life channel, HONEY

DStv’s pioneering Pan-African way of life channel, HONEY, will beam throughout the continent, from 15 February 2021 on DStv Channel 173. A life-style channel...
Translate »