Spectrum Labs, a Miami, Florida-based AI-based content moderation platform, raised $32 million in Series B funding round led by Intel Capital, with participation from Munich Re Ventures, Gaingels, Harris Barton, and existing investors Wing Venture Capital, Greycroft, Ridge Ventures, Super{set}, and Global Founders Capital.
The company intends to use the funds to scale the adoption of its AI-powered content moderation platform for online communities into new areas of the enterprise, developing applications for human resources, sales, customer service, and brand safety teams.
Intel Capital investment director, Divya Sudhakar, will join the company’s board in conjunction with the funding.
Company: Spectrum Labs, Inc.
Raised: $32.0M
Round: Series B
Funding Month: January 2022
Lead Investors: Intel Capital
Additional Investors: Munich Re Ventures, Gaingels, Harris Barton, Wing Venture Capital, Greycroft, Ridge Ventures, Super{set}, and Global Founders Capital
Company Website: https://www.spectrumlabsai.com/
Software Category: AI-based content moderation platform
About the Company: Led by Justin Davis, CEO, and Co-Founder, Spectrum Labs leverages data, AI, and community to provide a platform that identifies 40+ toxic behaviors across all languages, text, and voice, enabling Trust & Safety teams to curb content moderation costs and increase detection of brand-destroying behaviors. The company’s products apply Natural Language Understanding technology to analyze user-generated content to deliver behavioral classification. The platform can recognize 40+ distinct toxic behaviors such as hate speech, violent extremism, and child sexual abuse material (CSAM) across 30+ languages, powered by its patented technology to support moderation in any language. Today, Spectrum Labs partners with more than 20 companies across dating, gaming, marketplaces, and social networks including The Meet Group, Grindr, Peanut, Minerva, Fandom, Wildlife Studios, and Riot Games.
Source: https://www.finsmes.com/2022/01/spectrum-labs-raises-32m-in-series-b-funding.html