Bengaluru-based AI-driven mobile crowdsourcing platform Playment has raised $1.6 million as part of its Pre-Series A funding. The funding was raised from Y-Combinator, Sparkland Capital, and angels such as Ryan Petersen, Max Altman, David Petersen and others. According to a statement by on Playment’s official website, their existing investors SAIF Partners participated in this round to take the total funding to $2.2 million till date.
“With this round of funding, we plan to become the leading provider of training data to AI companies with a special focus on autonomous driving… We had started with providing cataloging and content moderation services but are now focussed on providing training data for autonomous driving, visual search, satellite imagery, OCR etc,” said the founders in a statement.
Siddharth Mall, CEO and co-founder of Playment said in a statement, “With the current round of funding, we would be expanding our product, engineering, and data science teams to build a complete suite of services for all kinds of AI technologies, keep improving our quality assurance models and build an internal AI research lab. Since we are getting a lot of demand from the US, Ajinkya Malasane, co-founder and head of business, would be setting up an office in the Bay area. We strongly believe Playment’s tools would play an instrumental role in this AI first world.”
In the last year, Playment has grown to 2,50,000 “work from home” players based all over India helping global companies. Their 30+ enterprise clientele includes OEMs, startups, suppliers in autonomous driving, satellite imagery, visual search, OCR to largest e-commerce players in India and SE Asia.
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Prajakta is a Writer/Editor/Social Media diva. Lover of all that is 'quaint', her favourite things include dogs, Starbucks, butter popcorn, Jane Austen novels and neo-noir films. She has previously worked for HuffPost, CNN IBN, The Indian Express and Bose.