CrowdFlower becomes Figure Eight for AI trait
San Francisco-based crowdsourcing platform provider for online staffing Crowdflower has rebranded as Figure Eight as it hunts out opportunities in artificial intelligence (AI) and machine learning, reports David Penn at Finovate.
Figure Eight CEO Robin Bordoli explains that these changes have included “shifting the company from managed service to Software-as-a-Service (SaaS), abstracting sourcing human intelligence from the application of human intelligence, human-in-the-loop and active learning, combining human intelligence and machine learning, and acting as a trusted AI guide for customers just beginning to take advantage of the technology”.
Bordoli took over as CEO of the company which was led by founder Lukas Biewald until early 2015.
The company says it chose the name Figure Eight for a variety of reasons – and in consultation with “one of the top naming agencies in the valley”.
These reasons varied from the continuous loop shape of the figure eight to the number eight as a reference to a byte, which is a building block of eight bits, to the numerical difference between the atomic numbers for Carbon (6) and Silicon (14).
“Carbon is an essential component of human biology,” Bordoli says. “Silicon is an essential component of computing power. So the number eight represents the bridge between humans and machines.”
As part of the reorganisation, Figure Eight has made a handful of executive and board of directors changes.
Dale Brown was hired to work as VP of Business Development after previously serving in a similar capacity at Bitnami. Robert Munro was promoted from VP of Machine Learning to CTO. Alyssa Simpson Rochwerger was hired to work as VP of Product, having worked as director of project management at IBM Watson. Figure Eight also added Alta Vista search engine company founder Louis Monier to its board of directors.
With $58 million in funding, Figure Eight includes Industry Ventures, M12, Canvas Ventures, Trinity Ventures, Harmony Partners, and Bessemer Venture Partners among its investors.
Earlier this month, the company introduced a suite of new solutions designed to help more businesses embrace AI: Figure Eight Datasets, Video Object Tracking, and Smart Bounding Box Annotation.