- Canada-based technology company Two Hat Security announced it raised $7.5 million in funding led by Tam Holdings
Two Hat Security — a Canada-based technology company that provides AI-powered content moderation solutions — announced it has raised $7.5 million in funding led by Tam Holdings. Makers Fund and Taubman Capital also participated in this round.
This round f funding will be used for growing the Two Hat team and ramp up marketing and customer acquisition. And it will also be used for developing additional capabilities in the Two Hat platform, including extending support for 20 existing languages to the same standard as English models.
To train AI models and to find and prevent conversations that indicate cyberbullying, encouragement of suicide, radicalization into terrorism, or predatory behavior, it becomes essential to standardize definitions of online harms and extend protections across all languages.
“It’s complex. Other languages don’t have as many datasets or tools to work with but we have found a reproducible way to scale,” said Chris Priebe, CEO and founder of Two Hat. “We are pleased to join with Tam Holdings, Makers Fund, and Taubman Capital to bring world-class content moderation to our clients.”
In conjunction with this funding round, Tam Holdings is joining Two Hat’s Board of Directors.
“There is an increasing need for tools to protect the users of games and other virtual communities from harmful content,” added Ian Martin-Katz, Managing Partner at Tam Holdings. “Since we first spoke with Two Hat over a year ago, Chris and the team have continued to impress us with their dedication to customers and consistent innovation.”
The Two Hat AI-powered content moderation platform classifies, filters, and escalates over 30 billion human interactions every month, including messages, usernames, images, and video streams. Along with providing a filter, Two Hat provides all-in-one content moderation with data analysis, content escalations, flexible workflows, auto-moderated user reports, etc.
“Specifically in gaming, we see the emergence of virtual metaverses, where players of different ages and with diverse backgrounds gather,” explained Ryann Lai, Partner at Makers Fund. “Two Hat is ideally positioned to enable maximum freedom of expression for each, without compromising safety or inclusivity.”
