What is Appen?
Founded in 1996 and headquartered in New South Wales, Australia, Appen provides an advanced AI-assisted data annotation platform and associated services. Its expertise empowers leaders in technology, automotive, financial services, retail, healthcare, and government to confidently launch and scale world-class AI initiatives. Appen's comprehensive offerings are designed to meet the complex data requirements of modern artificial intelligence development.
How much funding has Appen raised?
Appen has raised a total of $44.5M across 4 funding rounds:
Series A
$5M
Series B
$7M
Series C
$12.5M
Series D
$20M
Series A (2010): $5M with participation from Gary Kremen, Manu Kumar, The Founders Fund, Travis Kalanick, Marcus Ogawa, Trinity Ventures, and Bessemer Venture Partners
Series B (2011): $7M led by Trinity Ventures and Harmony Partners
Series C (2014): $12.5M supported by Trinity Ventures, Canvas Ventures, and Bessemer Venture Partners
Series D (2016): $20M featuring Microsoft Ventures, Industry Ventures, Trinity Ventures, and Canvas Ventures
Key Investors in Appen
Microsoft Ventures
Microsoft Ventures is the corporate venture capital arm of Microsoft, focusing on strategic investments in emerging technologies that align with Microsoft's ecosystem.
Trinity Ventures
Trinity Ventures is a venture capital firm that invests in early-stage technology companies, often focusing on software, internet, and digital media sectors.
Bessemer Venture Partners
Bessemer Venture Partners is a prominent venture capital firm known for investing in early-stage and growth-stage technology companies across various sectors.
What's next for Appen?
With a history of consistent capital raises, Appen is positioned for continued growth and innovation in the rapidly expanding AI market. The recent strategic investment signals confidence from its backers in Appen's ability to maintain its competitive edge and expand its market reach. Future developments are likely to focus on enhancing its AI annotation platform, broadening its service offerings, and forging new strategic partnerships to support the global adoption of artificial intelligence.
See full Appen company page
