Spare5, which uses humans to fine-tune artificial intelligence technology, will now be known as Mighty AI.
Spare5, a spinout from Madrona Venture Labs, is changing its name on the heels of inking new partnerships with Intel and Accenture.
The Seattle startup, which uses humans to fine-tune artificial intelligence engines, will now be known as Mighty AI.
The name change comes at the same time as a new $14 million funding round, raised from Intel Capital with participation from Google Ventures, Accenture Ventures, Foundry Group, Madrona Venture Group and New Enterprise Associates.
Mighty AI uses machine-learning technology and actual humans to look through data and make sure it is accurate and being collected correctly.
Most Read Business Stories
- Amazon grabs large downtown Bellevue property next to transit hub
- Amazon earns record profit, vows to shift to one-day delivery for Prime members
- Debunking myths, shedding light on Boeing 737 MAX: Highlights from aerospace reporter Dominic Gates' Reddit AMA
- Largest e-recycling fraud in U.S. history sends owners of Kent firm to prison
- Boeing CEO denies any ‘technical slip’ in 737 MAX crashes, as grounding cuts into profit and cash reserves
Intel and Accenture will market and sell the startup’s products to their customers.
Spare5 launched in 2014, and quickly debuted an app that recruited people to complete short tasks in their spare time.
The company also sent a note to people that use its app, assuring them nothing would change.
“We are not changing or altering your account, tasking, or earnings history in any way,” the company wrote in an email to app users, called “Fives.”
The Spare5 app, which is keeping that name, pays people small amounts of money to complete short tasks, such as identifying objects in pictures. The tasks help Spare5 partners “clean” their data.