Tampa investment firm puts money into artificial intelligence
November 21, 2019 - Weatherford Capital in Tampa has invested in CloudFactory in a funding round that raised $65 million for the artificial intelligence firm. The round was led by FTV Capital. Sam Weatherford, a partner at Weatherford Capital, will joined the Cloud Factory board. The company's workers turn material like images and audio into data that can be used for artificial intelligence and machine learning, by tagging and annotating them, according to VentureBeat. CloudFactory, headquartered in Reading in the United Kingdom and with delivery centers in Nepal and Kenya as well as an office in the U.S., is "a true leader in AI data processing and in connecting people in the developing world with digital-age work," Sam Weatherford said in a news release.