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.
Related Article: Playment Raises $699K In Pre-Series A From SAIF Partners
“However, we started getting a lot of inbound from companies who wanted human curated training data for their AI models,”shared Siddharth. “We could feel the need of this service first hand when we visited US during YC for three months, earlier this year. We have now built out complete suite of CV training data targeting autonomous driving, visual search, satellite imagery, OCR etc,” he added.
Playment claims to provide high-quality human curated training data for Computer Vision. Essentially, they provide human-powered training for machines to be able to see, think and make decisions like humans. “We have built state of art tools for our 250,000+ community of “work from home” users – called “players”,” he said.
The work is done via dedicated subject matter experts to project manage the entire delivery with enterprise-grade SLAs. These subject matter experts work with customers and setup up customised workflows and train the community of annotators accordingly.
As shared by Ajinkya, “In order to ensure quality, We divide this into player qualification and player response qualification. Players are first trained and have pass through project specific qualifiers. With regards to response qualification, we have built proprietary tech around it. We re-route the tasks through multiple people, have built in redundancy algorithms, maker-checker modules etc.”
From First Funding To Adding Y Combinator To Its Board
Within eight months since launch, Playment platform had been able to generate over 5 Mn microtasks for some of the top ecommerce companies in the country and had a throughput capacity equivalent to a 1200+ seater BPO.
Since then, over the last one year, Playment community has grown to 250,000+ “work from home” players based all over India helping global companies. It currently has a 30+ enterprise clientele include pre-eminent startups in valley and OEMs in self-driving, satellite imagery, visual search, OCR. It also works with leading ecommerce players in India and SE Asia.
So far, the company claims to have annotated 50 Mn+ tags on its platform with current capacity being 1M/day.
Talking on the competition front, Ajinkya stated, “Traditional business process outsourcing (BPOs) fail to solve for scalability due to fixed teams whereas legacy crowdsourcing platform such as Amazon Mechanical Turk doesn’t assure quality. We solve for both – High quality and scale! There are few startups based out valley such as Crowdflower, Mty.ai etc but we are significantly cost-effective. Furthermore, no one provides a fully managed service.”
Taking A Plunge Into The Growing AI Opportunity Globally
AI-market is predicted to grow to $47 Bn in 2020 as per market-research firm International Data Corp. As per a recent Forbes report, 81% of IT leaders are currently investing or are planning to invest in AI. It also highlights that apart from three most ripe sectors – Digital Marketing/Marketing Automation, Salesforce Automation (CRM) and Data Analytics – Customer self-service, Enterprise Resource Planning (ERP), Human Resource Management (HRM) and Ecommerce are additional areas that have upside potential for AI/ML adoption.
Further, as per Inc42 Data Labs H1 2017 report, the sector picked up by 100% in H1 2017 in comparison to H2 2016, in terms of deals. In H1 2017, about $26.15 Mn was invested in AI and Big Data across 16 deals in India. Also, Since H1 2015, about $253 Mn has been invested in this sector across 41 deals with Bengaluru the top city hosting the most AI startups in India.
Siddharth believes that AI is the next frontier in technology. It will have a huge impact in all kinds of industries. Advancements in computing power and sheer availability of data are the two primary reasons for such rapid developments in AI.
“But it is still far from being enterprise/application ready. For eg, when you drive, there multiple decisions you need to make amongst so many uncertainties (weather/lighting/types of vehicles/oneway etc). You need real human workforce to generate vast amounts of training data at an exponential scale,” he added.
Bringing on board a global offering, Playment is currently working with some of hottest computer vision based startups and OEMs working in autonomous driving, visual search, satellite imagery across the US, UK, Israel, Italy, Germany, Australia etc. With the recent funding from Y Combinator and others, how this AI and crowdsourcing platform will be able to cater to ever growing demands of these companies remains to be seen.