DefinedCrowd Experiences a “Knock-Out” 2019 with Exponential Growth in Revenue, Clients and Employees
Seattle, Washington – DefinedCrowd, a leading data company for Artificial Intelligence, has announced a record-breaking 2019, experiencing significant growth in accounts, revenue, and employees.
Their fast-growing client base and the rapid expansion of services offered to existing customers resulted in a staggering 656% growth in revenue, supported by a 176% growth in our global workforce. By the end of 2020, the company is on track to more than double the number of employees and plans to open more research and development offices around the world.
“In the last year, DefinedCrowd has received incredible market validation,” said Daniela Braga, founder, and CEO of the company. “Besides significantly increasing our client base, we’re also thrilled to report we’ve grown our revenue within existing accounts, which proves that we’ve landed and expanded. Existing customers continue to demand more DefinedCrowd training data with its industry-leading quality and fast delivery guarantees. Our new customers are attracted by DefinedCrowd’s growing reputation as the globally trusted source for AI data. To support this rapid growth, our workforce has almost doubled in the last year. It’s a hugely exciting period for us, especially considering our plans for further triple-digit expansion in 2020. The future is looking bright.”
2019 was also the year in which DefinedCrowd received its ISO 27001 certification, endorsing the company’s highest standards of security in sourcing, handling, transferring, and protecting information.
In the same year, DefinedCrowd released its Neevo app, a native app for iOS and Android where users can contribute to the development and improvement of AI systems, allowing the company to offer accurate training data to clients in a fast turnaround time. The app is available at App Store and Play Store, allowing members of Neevo to take part in the future of AI anytime, anywhere.
Additional 2019 highlights for DefinedCrowd include:
· CB Insights: Top 100 AI companies in the world.
· Named as one of Seattle’s 10 most-funded CEO women-led tech companies.
· Listed in Built In Seattle’s 50 Startups to Watch in 2019.
· Named one of Europe’s 100 Hottest Startups 2019 in Lisbon by Wired.
· Ranked in Forbes AI 50: America’s Most Promising Artificial Intelligence Companies.
“The demand for AI-enabled products is increasing exponentially across almost every industry and geography. With our talent and resources, we are definitely on track to become the number one trusted data company for Artificial Intelligence in the world,” said Braga.
Dennis Smith, DefinedCrowd’s Board Member, and Managing Partner, and Founder at Evolution Equity Partners, agrees. “DefinedCrowd’s results for 2019 are terrific,” he said. “Its revenue growth, customer acquisition, employee and office growth, and its numerous awards are all indicators of the company’s huge potential in 2020 and beyond. Evolution Equity Partners as Series A Lead Investor is honored to be part of the DefinedCrowd’s international growth and success.”
And it is this potential that has led to leading investors choosing to invest in DefinedCrowd. Investors like Evolution Equity Partners, Amazon Alexa Fund, Mastercard, Sony Innovation Fund, Portugal Ventures, Bynd Venture Capital, Kibo Ventures, EDP Ventures, and SWAN Venture Fund all believe in DefinedCrowd’s vision to integrate human intelligence and machine learning for a smarter future.