Wirestock Secures $23M Series A to Expand Multi-Modal AI Data Supply
Wirestock raised $23 million in Series A funding led by Nava Ventures to expand its multi-modal data supply services for AI labs. Since its 2023 pivot, the platform has signed up over 700,000 contributors, serves six leading foundation model makers and generates a $40 million annual run-rate.
1. Pivot to Multi-Modal Data Supply
Wirestock pivoted in 2023 from a stock photography distribution platform to a provider of multi-modal datasets for AI labs. The company now collects and licenses images, videos, design assets and 3D content from its creative community, offering an opt-out mechanism for contributors who prefer not to supply data.
2. Series A Funding and Investor Participation
The startup closed a $23 million Series A round led by Nava Ventures, with participation from SBVP, Formula VC and I2BF Ventures. The infusion will fund the build-out of enterprise sales teams, enhanced data annotation capabilities and expanded outreach to hyperscalers.
3. Business Metrics and Platform Operations
Wirestock’s platform has signed up more than 700,000 contributors and delivers datasets to six of the largest foundation model makers, generating a $40 million annual run-rate and paying out $15 million to creators. Contributors join via email marketing and referral programs, complete a quality-check task and undergo a mix of AI and human review before onboarding.