CloudFactory secures $65 million in growth equity funding from FTV Capital and Weatherford Capital

cloudfactory secures $65 million

CloudFactory is a worldwide pioneer in oversaw workforce solutions for Artificial  Intelligence. They have been operating numerous tasks for a decade now. Along the way, they have created meaningful work opportunities for thousands of people. CloudFactory has recently announced that it had secured $65 million in growth equity funding from FTV Capital and Weatherford Capital with the mission to connect 1 million talented people to meaningful work.

This huge investment marks a special milestone in CloudFactory. CloudFactory will be using the funding to advance the technology and investment in the workforce. They will be creating more opportunities for skilled people in developing nations.

Alex Mason, FTV Capital partner says, “As AI technology continues to grow rapidly, the need for high-quality data to feed complex AI systems is crucial. CloudFactory is poised for tremendous growth across many industry verticals where executives are clamoring for data labeling capabilities that meet superior quality standards and are consistently delivered.”  “The future of AI and machine learning innovation will be driven by people, and we believe our focus on people has been the biggest contributor to our growth,” said Mark Sears, CloudFactory founder, and CEO.

CloudFactory’s WorkStreams join individuals and innovation to convey top-notch information to address the issues of organizations all things considered from resource-strapped startups to large enterprises.

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