Spectrum Labs has raised $32 million in funding to develops its system for AI-based content moderation. The developments will allow Spectrum Labs to monitor millions of daily conversations, checking for toxic messaging. The platform claims to be able to detect and shut down toxic message exchanges in real time – which translates to less than twenty milliseconds.
Spectrum Labs plan to use the funds to continue the investment into its technology, doubling down on its growing consumer business and forging ahead in a new area. They plan to be providing services to enterprises for their internal and customer-facing conversations, providing not just a way to help detect when toxicity is creeping into exchanges, but to provide an audit trail for the activity for wider trust and safety tracking and initiatives.
The round is being led by Intel Capital, with Munich Re Ventures, Gaingels, OurCrowd, Harris Barton, and previous backers Wing Venture Capital, Greycroft, Ridge Ventures, Super{set} and Global Founders Capital also participating. Greycroft led Spectrum’s previous round of $10 million in September 2020, and the company has now raised $46 million in total.
Spectrum Labs today works with over 20 large scale platforms, including platforms such as Pinterest, The Meet Group, and Grindr. These businesses have in turn millions of customers sending billions of messages to each other, either in open chat rooms or in more direct, private conversations – Spectrum Labs monitors these for toxic messaging.