Artificial Intelligence Startup Alegion Raises $3.6 Million
Alegion just closed $3.6 million in Series A financing. Two investors contributed to the round, among them RHS Investments.
Alegion is an Austin-based technology company that provides human intelligence solutions designed for AI and machine-learning initiatives. Alegion provides AI training data, algorithm validation, and human-in-the-loop exception processing. Its platform supports a wide array of business automation solutions, including user-generated content moderation, sentiment analysis, data enrichment, tagging, and categorization.
The company revealed that the infusion of capital will allow Alegion to accelerate its AI offerings and capitalize on AI’s exponential growth. Revenue is expected to exceed $16 billion annually by 2022, according to IBM research.