CrowdFlower Raises $12.5M in Series C Financing

SAN FRANCISCO, Calif., Sept. 17 — CrowdFlower, the leading data enrichment platform to help data scientists collect, clean and label data to make it useful, today announced that it has raised $12.5 million in Series C financing led by Canvas Venture Fund with participation from existing investors Bessemer Venture Partners and Trinity Ventures.  The investment, which brings the total amount raised by the company to $28 million, will help the company support its rapid growth.

Businesses fail every day because of messy and incomplete data. In fact, data scientists report spending 50 to 80 percent of their time on average collecting and cleaning data before they can begin to glean insights from it. CrowdFlower is the leading data enrichment solution for data scientists. Its quality-control technology is the fastest and most accurate way to deliver the data that companies need to gain a competitive edge.

Utilizing a network of over five million on-demand contributors, CrowdFlower’s data enrichment platform helps businesses tackle large quantities of repetitive work to deliver up to seven years of work in a single day. eBay, Edelman, EventBrite, The Home Depot, VMWare and Venuelabs are just a few of the companies currently using CrowdFlower to address a wide variety of data projects including: search relevance tuning, data categorization, image annotation, content moderation, sentiment analysis, metadata creation and real-time transcription.

“We founded CrowdFlower five years ago to address the painful and time consuming challenges data scientists face on a daily basis.  Our mission remains the same while the need for our solution is greater than ever,” said Lukas Biewald, founder and CEO of CrowdFlower. “We are excited to have Canvas Venture Funds as a partner for this exciting next phase for CrowdFlower and are thrilled to welcome Rebecca Lynn to our board.”