Alegion Raises $3.6 Million, Plans to Accelerate Artificial Intelligence Initiatives

AUSTIN, Texas, June 27, 2017 /PRNewswire/ -- Alegion, a human intelligence platform for AI and machine learning initiatives, announced today at the O'Reilly Artificial Intelligence Conference that it has raised $3.6 million in Series A funding.

Led by RHS Investments, the infusion of capital will allow the company to accelerate its AI offerings and capitalize on AI's exponential growth, which is expected to exceed $16B annually by 2022, according to IBM research. With over half of all development teams planning to integrate AI services into their apps by 2018, Alegion is using the funds to fortify its AI products and scale operations.

"Artificial intelligence and machine learning technologies are already beginning to change the world as we know it," said Nathaniel Gates, the CEO and co-founder of Alegion. "We are uniquely positioned to supply the human intelligence that is required to enable artificial intelligence."

Alegion helps data science teams accelerate and optimize AI and machine learning projects by supplying large-scale, custom training datasets, human-scored results validation, and human-in-the-loop exception processing.

"Confidence in the training data produces confidence in the resulting model,"  adds Gates. "We introduce human intelligence into the process which provides the quality and scale necessary to achieve rapid, successful results." 

About Alegion

Alegion is an Austin-based technology company that provides human intelligence solutions designed for today's AI & machine learning initiatives. Alegion provides AI training data, algorithm validation and human-in-the-loop exception processing.  The Alegion platform supports a wide array of business automation solutions including user generated content moderation, sentiment analysis, data enrichment, tagging and categorization.  Alegion provides solutions for Fortune 500 companies and public-sector organizations including Charles Schwab, Conde Nast and the State of Texas. 

For more information, visit www.alegion.com.

SOURCE Alegion

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