Appen Acquires Figure Eight to Build End-to-End AI Training Data Platform
March 11, 2019
Appen Limited has signed a definitive agreement to acquire Figure Eight (formerly CrowdFlower) for USD $175 million up-front and up to $125 million contingent on 2019 performance. The deal combines Appen's global crowd and language expertise with Figure Eight's machine-learning-assisted annotation platform to create an end-to-end training-data offering for AI and machine learning customers.
- Buyers
- Appen Limited
- Targets
- Figure Eight
- Industry
- AI & Machine Learning
- Location
- California, United States
- Transaction Type
- Buyout
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