Hive raises $85M for AI-based APIs to help moderate content, identify objects and more
As content moderation continues to be a critical aspect of how social media platforms work — one that they may be pressured to get right, or at least do better in tackling — a startup that has built a set of data and image models to help with that, along with any other tasks that require automatically detecting objects or text, is announcing a big round of funding.
Hive, which has built a training data trove based on crowdsourced contributions from some 2 million people globally, which then powers a set of APIs that can be used to identify automatically images of objects, words and phrases — a process used not just in content moderation platforms, but also in building algorithms for autonomous systems, back-office data processing, and more — has raised $85 million in a Series D round of funding that the startup has confirmed values it at $2 billion.