Spectrum Labs recently raised a huge 32 million dollar fund in the form of a capital raise. The company has expanded their focus from online dating to other industries such as social networking, marketplaces, and gaming. In addition, they have plans to build out enterprise services to monitor online toxicity.
In the midst of a tech crunch, one company stood out with their 32 million dollar capitalization announcement. That company is Spectrum Labs. The aforementioned 32 million was raised from Intel Capital, Greycroft, Gaingels, OurCrowd, and the aforementioned Harris Barton. So far, the company has raised around 45 million in venture capital.
One of their most impressive technologies is their AI-powered content moderation platform. This is actually a real-time tool that helps online communities detect and reduce toxic content. It works on everything from dating apps to e-commerce sites to gaming platforms. As for what it can do, Spectrum Labs boasts a customer list that includes Jimmy Wales’ entertainment wiki Fandom. Plus, the company will be offering its services to enterprises as well. Considering that the company has a total of three employees, a customer list of that size is no small feat.
Other than their consumer services, the company will also focus on enterprise services, including internal and external communications. They will also be working to improve customer control over the contents of their respective online communities.
Focus on detecting online toxicity
The company was co-founded by Josh Newman and Justin Davis in December 2016. The company’s mission is to identify online toxicity, which has become a large issue on online platforms. They also aim to help improve gaming experiences for players.
With more than 4.6 billion internet users active worldwide, online toxicity is a big problem that platforms must tackle. To address this, social media and other companies need powerful tools to moderate and detect toxic behavior. Some have tried to solve this problem by using static keyword-based models, but these systems become costly manual processes.
Spectrum Labs offers an AI-powered software that detects potentially harmful behaviors before they are reported. This helps online platforms respond quickly to unwanted content, while protecting the platform from predatory and damaging users.
The tech works by analyzing text speech on a platform, and detecting trends and patterns that can indicate toxic behavior. The platform can also alert authorities and provide mental health resources.
Moving more into enterprise services
Spectrum Labs is a content moderation platform that uses AI technology to detect and respond to user-generated content in real time. Its customers include social networking companies, dating sites, gaming platforms, and e-learning sites. They apply natural language understanding (NLU) technology to provide best-in-class behavioral classification and moderation in any language. The company is in the process of moving into enterprise services, as its customers want better access to and control over content.
Spectrum Labs is currently working with more than 20 large platforms. These companies include Facebook, Rio Games, Grindr, and Fandom. For each, the platform provides an integrated solution that includes NLU-based content moderation, real-time detection of violent extremism, and child sexual abuse material. This content moderation platform is powered by the company’s deep experience in detecting toxicity, analyzing data, and enabling trust.
While the company hasn’t revealed its valuation, it has raised more than $46 million in funding so far. Spectrum Labs has partnered with leading venture capital firms including Greycroft, Gaingels, Harris Barton, and Intel Capital. Recently, the company secured a $32 million Series B investment.