Spectrum Labs raises $32 million
AI-based content moderation platform Spectrum Labs announced a $32 million Series B investment led by Intel Capital with participation from Munich Re Ventures, Gaingels, Harris Barton, and existing investors Wing Venture Capital, Greycroft, Ridge Ventures, Super{set}, and Global Founders Capital.
Founded in 2016, the California-based startup offers a text and audio moderation solution to platform providers for detecting and shutting down toxic exchanges in real time. Spectrum Labs products apply “Natural Language Understanding” technology to analyze user-generated content. The platform is able to recognize 40+ distinct toxic behaviors such as hate speech, violent extremism and child sexual abuse material across 30+ languages, powered by its patented technology to support moderation in any language.
Last year, Spectrum Labs partnered with Munich Re to offer a performance guarantee for its AI-Based Trust & Safety system.
Spectrum Labs will scale the adoption of its leading AI-powered content moderation platform for online communities into new areas of the enterprise, developing applications for human resources, sales, customer service, and brand safety teams.
“Our AI can be deployed across languages, behaviors, and industries very effectively to fuel growth and build trust through safer and more inclusive communities. As more of our living, working, and playing happens on the Internet, leading companies are increasingly thinking about how to better understand, protect, and grow their communities. This investment led by Intel Capital, the company empowering the future of compute, will help Spectrum Labs to achieve our ambition of enabling every company with the infrastructure and real-time, easy to deploy AI that’s critical to build trust with every person, everywhere in the world, at every moment.” – Justin Davis, CEO and co-founder of Spectrum Labs.
“We believe Spectrum Labs’ Natural Language Understanding technology has the potential to become the core platform that powers the trust initiatives of thousands of companies around the world. As digital trust and ethical operations emerge as a key factor to help organizations differentiate themselves, we see a huge opportunity to build a Trust & Safety tech layer into enterprise operations.” – Mark Rostick, VP & senior managing director at Intel Capital.
“Building inclusive, thriving communities that engender trust is complex and nuanced. Last year, Spectrum Labs’ platform helped Riot classify more than 200 million lines of disruptive behavior in text in a variety of categories. Not only do they understand Riot’s aspiration to be the most player-focused company in the world, but they’ve been a critical partner in improving the gaming experience for players as we’ve continued to grow across multiple games, regions, and languages.” – Scott Gelb, President of Games at Riot Games.
