WorkFusion Gains Funding
April 27, 2014
Via Waters Technology:
April 28, 2014. Venture capital firm Mohr Davidow Ventures is leading $15 million in funding for the crowdsourcing data operations company, including investment by former Thomson Reuters CEO Tom Glocer.
WorkFusion, formerly CrowdComputing Systems, a provider of crowdsourcing data business process work, has received $15 million in series B funding led by Mohr Davidow Ventures, with contributions from previous investors Greycroft Partners, iNovia and RTP Ventures.
The funding will develop WorkFusion's market solutions and expand its engineering, marketing and sales operations, according to company officials. WorkFusion's platform operates in software-as-a-service form, using machine learning to manage and integrate crowdsourced workers for data operations.
"The information industry has struggled for years to combine labor and technology to deliver cost-effective, high-quality solutions to clients," says Tom Glocer, former CEO of Thomson Reuters, who has joined WorkFusion as an investor and advisor. "WorkFusion significantly increases the speed and efficiency of data and content operations by optimizing the mix of resources through learning algorithms and providing a better platform for new product innovation."
Additionally, Katherine Barr, general partner at Mohr Davidow Ventures, will join the board of WorkFusion.
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