Market & RegulationInvestment · $23M
Wirestock raises $23M for AI data supply business
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Why it matters
- →Wirestock's pivot highlights the growing demand for creative data in AI model training.
- →The funding will enable Wirestock to enhance its data supply capabilities and expand its team.
- →This move positions Wirestock as a key player in the AI data supply market, competing with established companies.
Wirestock, originally a stock photography platform, has raised $23 million in Series A funding to expand its new role as a data provider for AI labs. The company now supplies datasets of images, videos, and other creative content to major AI model makers, although it hasn't named specific clients. With over 700,000 artists on its platform, Wirestock is meeting the growing demand for data to train AI models. The funding will be used to hire more staff and develop enterprise software, marking a significant pivot in its business strategy.
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