About Figure Eight
Figure Eight is a company based in San Francisco (United States) founded in 2007 by Lukas Biewald and Chris Van Pelt was acquired by Appen in March 2019. It operates as a B2B, and SaaS. Figure Eight has raised $56.9 million across 7 funding rounds from investors including Bessemer Venture Partners, Appen and Canvas Ventures. The company has 228 employees as of December 31, 2022. Figure Eight offers products and services including AI Training Data, Data Annotation, Data Collection, LLM Training Data & Services, and Platform. Figure Eight operates in a competitive market with competitors including Snorkel AI, DataLoop, Encord, Labelbox and Granica, among others.
- Headquarter San Francisco, United States
- Employees 228 as on 31 Dec, 2022
- Founders Lukas Biewald, Chris Van Pelt
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Crowdflower
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$56.9 M (USD)
in 7 rounds
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Latest Funding Round
$20 M (USD), Series D
Jun 12, 2017
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Investors
Bessemer Venture Partners
& 7 more
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Employee Count
228
as on Dec 31, 2022
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Acquired by
Appen
(Mar 10, 2019)
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Products & Services of Figure Eight
Figure Eight offers a comprehensive portfolio of products and services, including AI Training Data, Data Annotation, Data Collection, LLM Training Data & Services, and Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Provides datasets for training AI models effectively
Service for labeling data to improve AI accuracy
Gathers diverse data for AI applications worldwide
Offers specialized data for large language models
Enables data curation and monitoring for AI projects
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Independent Team
25 people
Data Analysis and Operations Team
23 people
Software Development Team
17 people
Leadership Team
12 people
Project Team
10 people
Sales and Marketing
6 people
Search Team
5 people
Creative and Marketing Team
5 people
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Funding Insights of Figure Eight
Figure Eight has successfully raised a total of $56.9M across 7 strategic funding rounds. The most recent funding activity was a Series D round of $20 million completed in June 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series D — $20.0M
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First Round
First Round
(31 Mar 2009)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2017 | Amount | Series D - Figure Eight | Valuation | Industry Ventures | |
| Jun, 2016 | Amount | Series D - Figure Eight | Valuation | M12 , Canvas Ventures |
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| Sep, 2014 | Amount | Series C - Figure Eight | Valuation | Canvas Ventures , Bessemer Venture Partners |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Figure Eight
Figure Eight has secured backing from 8 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Appen and Canvas Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Investments in private tech ecosystem are made by Industry Ventures.
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Founded Year | Domain | Location | |
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VC firm making early stage investment in tech companies in the US
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Figure Eight
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Figure Eight
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Figure Eight Comparisons
Competitors of Figure Eight
Figure Eight operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Snorkel AI, DataLoop, Encord, Labelbox and Granica, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
AI development processes offering programmatic solutions
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| domain | founded_year | HQ Location |
Provider of an AI annotation and management platform
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| domain | founded_year | HQ Location |
Cloud based platform offering image and video analytics solutions
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| domain | founded_year | HQ Location |
Training data platform for AI applications is provided.
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| domain | founded_year | HQ Location |
AI efficiency platform for AI training
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Figure Eight
Frequently Asked Questions about Figure Eight
When was Figure Eight founded?
Figure Eight was founded in 2007 and raised its 1st funding round 2 years after it was founded.
Where is Figure Eight located?
Figure Eight is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Figure Eight?
Lukas Biewald is the current CEO of Figure Eight. They have also founded this company.
Is Figure Eight a funded company?
Figure Eight is a funded company, having raised a total of $56.9M across 7 funding rounds to date. The company's 1st funding round was a Series C of $12.5M, raised on Mar 31, 2009.
How many employees does Figure Eight have?
As of Dec 31, 2022, the latest employee count at Figure Eight is 228.
What does Figure Eight do?
Appen specializes in creating scalable, high-quality data for AI models, including annotation and collection services. It supports the AI lifecycle from data preparation to monitoring through its platform. Based in Australia and the USA, Appen partners with top companies and institutions to deliver diverse datasets for generative AI and machine learning. The company emphasizes human-AI collaboration to enhance model performance and meets enterprise needs with flexible, innovative solutions.
Who are the top competitors of Figure Eight?
Figure Eight's top competitors include DataLoop, Snorkel AI and Encord.
What products or services does Figure Eight offer?
Figure Eight offers AI Training Data, Data Annotation, Data Collection, LLM Training Data & Services, and Platform.
Who are Figure Eight's investors?
Figure Eight has 8 investors. Key investors include Bessemer Venture Partners, Appen, Canvas Ventures, Industry Ventures, and M12.
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