Bengaluru-based Playment, an AI-driven mobile crowdsourcing platform has raised $1.6 Mn as part of its Pre-Series A funding. The investment was led by YCombinator, Sparkland Capital and Silicon Valley angel investors such as Ryan Petersen (CEO, Flexport), Max Altman and others. Playment was part of Y Combinator’s Winter 2017 batch.
Earlier in July 2016, Playment had raised $699K from Saif Partners as part of the Pre Series A funding round. Saif Partners did a super pro-rata in this round to take the total funding raised in the Pre Series A round to $2.2 Mn
Playment (a part of Flipkart Mafia) was launched in November 2015 by IIT-Kharagpur alumni Siddharth Mall and Akshay Lal, along with IIT-Guwahati alumnus Ajinkya Malasane. It helps organisations tag/clean/collect data using a blend of the artificial intelligence + human (crowdsourced) intelligence.
The Playment team will use the newly raised funding to build its engineering, product, and data science teams, build an internal AI research lab, and set up an office in Bay area.
“With this round of funding, we plan to become the leading provider of training data to AI companies with special focus on autonomous driving. We strongly believe Playment’s tools would play an instrumental role in the AI first world,” said Siddharth Mall, cofounder, Playment in an interaction with Inc42.
Playment: Harnessing AI+Crowdsourcing Combination To Provide Computer Vision
In words of Siddharth, Playment aims to facilitate a platform where humans & machines can work together to solve problems which were previously unsolvable at scale.
Initially, the team started with providing cataloging and content moderation services to large Asian marketplaces such as Flipkart, Lazada, Paytm, Ola and others. To make this feasible, Playment technology divides the big chunk of work into small micro-tasks like lego blocks and qualified users on its platform solve the entire puzzle. For example, Merchants bulk upload apparel catalogues, and then a person has to do up to 15 quality inspections on each and every SKU submitted before its gets published.