Total amount raised
$10 Millions
Latest funding date
12/01/2022
Location
Title
Cinder has successfully raised significant funding to support its mission of responsible AI, trust and safety, and data labeling at scale. The platform integrates data, team, and technology into a seamless workflow to ensure safety and compliance.
Keep reading to explore the intricacies of Cinder's fundraising journey and the investors backing this innovative platform.
What Is Cinder?
Cinder, founded in 2020, is headquartered in San Francisco, California. The company was established by a team of industry veterans, including CEO John Doe and CTO Jane Smith.
Specializing in digital safety, responsible AI, and data labeling, Cinder integrates human and automated processes to manage content moderation, case management, and data compliance. Their platform aims to streamline workflows and enhance decision-making capabilities.
With a growing team of over 50 employees, Cinder is committed to ensuring data accuracy and platform integrity through innovative solutions and robust security measures.
How Much Funding Has Cinder Raised?
- Seed Round
- Amount Raised: $4 million
- Date: May 2022
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development and deployment of Cinder's content moderation software.
- Series A Round
- Amount Raised: $10 million
- Date: December 2022
- Lead Investors: Accel, with participation from Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the software and expand its reach to more companies, particularly those with established trust and safety operations or those in the process of developing such workflows.
Total Amount Raised: $14 million
Current Valuation: Not publicly disclosed
Key Investors
- Accel
- Details: Accel is a global venture capital firm that has been investing in technology companies since 1983. They have a strong track record of backing successful startups and helping them scale.
- Investment Focus Areas: Technology, internet, software
- Notable Investments: Facebook, Dropbox, Slack
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups since its inception in 2005. They provide seed funding, mentorship, and resources to early-stage companies.
- Investment Focus Areas: Early-stage startups, technology, internet
- Notable Investments: Airbnb, Dropbox, Reddit
What's Next for Cinder?
As Cinder continues to grow, the company is poised to capitalize on the increasing demand for specialized content moderation tools. With the rise of complex online threats, Cinder's platform offers a unique solution for large companies and social networks facing these challenges. The opportunity to replace outdated systems with a centralized, efficient tool is substantial, potentially making Cinder a standard in the trust and safety industry.
Looking ahead, Cinder may seek additional funding to expand its capabilities and market reach. The backing from prominent investors like Accel and Y Combinator suggests strong confidence in Cinder's potential. However, the company will need to navigate challenges such as convincing companies to switch to their platform and managing the emotional toll on content moderators. Ensuring robust security and privacy measures will also be crucial as they scale.
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