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AI Multimodal Data Provider Wirestock Raises $23 Million in Series A Funding, Led by Nava Ventures

According to Dongcha Beating monitoring, as reported by TechCrunch, the startup Wirestock, which provides multi-modal data to AI labs, including images, videos, design assets, games, and 3D content, has completed a $23 million Series A funding round to expand its data supply business. The funding was led by Nava Ventures, with participation from SBVP (co-founded by Sheryl Sandberg), Formula VC, and I2BF Ventures.

The company's co-founder and CEO, Mikayel Khachatryan, stated that Wirestock currently provides multi-modal data to the six largest foundational model companies globally, although he did not disclose specific names. He also mentioned that the company currently has an annual revenue of around $40 million and has paid out $15 million to content contributors to date. Its platform has attracted over 700,000 artists and designers participating in various data tasks, following a model similar to freelance task distribution on Fiverr.

Source: BlockBeats

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