Data Platform DefinedCrowd Raises $50.5m -- I-COM

DefinedCrowd, which provides data to support the development of artificial intelligence (AI) products, has raised $50.5m in a Series B round of funding. As a result the firm aims to expand its existing solutions, launch new offerings, double its headcount, and open more R&D offices around the world. DefinedCrowd's founder and CEO Daniela Braga (pictured) comments: 'Closing this Series B funding round is an incredible validation of what we have achieved in just four-and-a-half years. Existing customers continue to demand more DefinedCrowd training data, while new clients are attracted by our growing reputation for high quality, fast delivery and data privacy. With this funding, we'll be able to continue with our plan for triple-digit expansion in 2020, allowing us to serve our clients even better'.