Spare5 Relaunches as Mighty AI with $14 Million Raise

Spare5 has relaunched as Mighty AI. The Seattle startup also announced that is has raised a $14 million venture capital round from Intel Capital and Accenture Ventures.

Mighty AI consequently landed two big customers: Intel and Accenture. Intel will promote and sell Mighty AI’s training data services to its global customers, and Accenture will recommend and integrate Mighty AI’s training data services for its global clients.

“In the future, we will count on AI to make every aspect of our lives better,” said Mighty AI CEO Matt Bencke. “AI will manage our information, schedules and energy use. It will make our factories, roads and homes safer and more efficient. It will provide us each with a personal shopper and investment advisor.”

Mighty AI will use the new funding to extend its platform and community—a network of tens of thousands of individuals who conduct microtasks in their spare time, such as identifying and labeling objects in images or doing sentiment analysis of text.

“Mighty AI is the critical link between computer and human cognition, putting the right humans in the right learning loops,” says Bencke.

“AI is not only the next big wave in computing; it’s the next major turning point in human history,” said Doug Fisher, Intel Corporation Senior Vice President and General Manager of the Software and Services Group. “Intel is investing in AI with the goal of driving breakthrough performance while making AI solutions more accessible and easier to deploy for all.”

“As a leader in applying AI to both our own business and our clients’ businesses, we know that AI will drive the next wave of business and societal transformation,” said Paul Daugherty, Accenture’s Chief Technology & Innovation Officer. “Data is the fuel required to power AI solutions, but many clients lack the right tools and solutions to achieve the business value they are looking for from their AI initiatives.”

“We couldn’t be more excited to team with Intel and Accenture, both of which are second to none in their respective industries,” said Bencke. “Our mission at Mighty AI is to tap the world’s potential brainpower so that our customers’ AI engines have heroic impact.”

Mighty AI was founded in 2014.

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