CrowdComputing Systems (CCS) raised a $5 million Series B round of funding from iNovia Capital. CCS's SaaS enterprise platform combines artificial intelligence (AI), crowdsourcing and automation to increase data and content productivity for finance, retail and media businesses. The latest capital is an addition to the company's $2.3 million 2011 Series A from RTP Ventures and Greycroft Partners.
"A powerful yet unrealized promise of the Internet is bringing on-demand, scalable labor to bare on tasks today performed by dedicated workforces," said Shawn Abbott, Partner, iNovia Capital. "While we have only seen a glimpse of the compelling economics and flexibility that can be achieved with first generation crowdsourcing, CCS is taking that essential next step of wrapping crowdsourcing within a machine learning infrastructure that can assure quality and optimize resource utilization to get work done better, cheaper and faster."