Sapien AI has successfully raised $5 million in a seed funding round, with key contributions from Primitive Ventures, Animoca Ventures, Ravikant Capital, and Yield Guild Games.
The funding injection aims to propel Sapien’s mission of offering scalable annotation services for training AI models through its gamified data labeling platform.
Trevor Koverko, Sapien’s co-founder, expressed excitement about the funding, highlighting its potential to expand the team, enhance the frontend labeling infrastructure, and deliver superior data quality to their growing roster of enterprise clients.
Founded in 2023 and based in San Francisco, Sapien revolutionizes AI model development by gamifying the data labeling process using blockchain-based incentives. With clients spanning various sectors such as healthcare, web3, and education, Sapien plans to use the fresh funding to further refine and open-source its gamified labeling infrastructure, setting new benchmarks for human-AI collaboration.
James Ho, Head of Animoca Ventures, praised Sapien’s innovative data labeling approach, citing its blend of cutting-edge technology and human expertise as a key differentiator in the industry. He emphasized Sapien’s potential to become a go-to partner for companies seeking top-tier data to train their AI models effectively.
The surge in venture capital funding across the Web3, gaming, AI, and crypto sectors in the first quarter of 2024 marks a significant reversal from the previous two years. Data from Crypto Koryo, as reported by Cryptonews’ Ruholamin Haqshanas, reveals a remarkable 38% increase in total funds invested and a staggering 49% rise in the number of projects securing funding compared to Q4 2023. This uptick underscores renewed investor confidence in the crypto industry, signaling promising growth opportunities ahead.
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Source: https://cryptocurrencynews.com/sapien-ai-raises-5m-to-enhance-ai-model-training/
