Software

FirstCapital advises clickworker on its acquisition by AI training data provider LXT

• Client:

  Founded in 2005 and headquartered in Essen, Germany, clickworker is an innovator in crowdsourced AI training data. It has developed a highly automated technology platform for customers to complete self-service, standard and customized data-oriented project solutions, and maintains a crowd of >6mn freelancers globally who deliver quality assured results through tasks and micro-jobs. The company is known for its high-output, scalability, and cost-efficiency, and has over 500 enterprise clients.

• Result:

  FirstCapital advised clickworker on its acquisition by LXT, based in Toronto. LXT collects and annotates data across multiple modalities, in particular focusing on AR/VR, computer vision, conversational AI and NLP. The company serves customers in in more than 145 countries and over 1,000 language locales, including top 10 global technology companies and Fortune 100 organizations. This acquisition brings together two of the most experienced players in the AI data space, driving significant economies of scale. It combines LXT’s global language data, operational capabilities and commitment to quality with clickworker’s sophisticated platform and tools. The combined entity delivers a comprehensive suite of high quality human-created, curated and annotated data products and services meeting the global demand for high quality data to train AI models and applications.