Thehive joined the Unicorn Club on April 21, 2021, after raising a $50 million Series D round led by Glynn Capital, valuing it at $2 billion. Headquartered in San Francisco, California, United States, Thehive provides data labeling and annotation solutions for AI and machine learning systems across industries.
Its platform offers tagging for images, videos, and text, along with pre-trained models and APIs for NSFW detection, face recognition, gender classification, and more. By combining automation with human expertise, Thehive ensures high-quality data labeling at scale, a core enabler for the AI ecosystem.
Keep reading to learn how Thehive became a leading infrastructure company powering AI model development worldwide.
What Is Thehive and What Does It Do?
Founded in 2017, Thehive delivers a comprehensive data labeling service platform designed to help enterprises and research organizations prepare training data for AI and ML models. Its services cover image, video, and text annotation, along with customizable APIs for various machine learning use cases.
By merging scalable automation with a distributed workforce, Thehive provides accurate, secure, and domain-specific labeling, helping clients accelerate AI development with high-quality data pipelines.
How Much Funding Has Thehive Raised?
1. Series D Round
- Amount Raised: $50 million
- Date: April 21, 2021
- Valuation: $2 billion
- Lead Investors: Glynn Capital, Bracket Capital
- Purpose: Expand AI data labeling infrastructure, enhance automation, and scale enterprise solutions
2. Earlier Rounds (Seed to Series C)
- Cumulative Funding: ~$35 million
- Key Investors: Bracket Capital, private angels, and early-stage funds
- Purpose: Product development, data security enhancements, and global workforce expansion
Total Funding Raised: ~$85 million
Latest Funding Date: April 21, 2021
Latest Known Valuation: ~$2 billion
Employee Count: 201–500 (as of July 16, 2025)
Key Investors
1. Glynn Capital
- Details: Growth-stage investment firm focused on technology and AI infrastructure.
- Focus Areas: Data platforms, enterprise software, and AI operations.
2. Bracket Capital
- Details: Venture firm investing in high-growth, data-centric technology companies.
- Focus Areas: AI tooling, cloud platforms, and applied machine learning.
Where Is Thehive’s Headquarters?
Thehive is headquartered in San Francisco, California, United States, where it manages platform engineering, model training, and client delivery operations across global markets.
What’s Next for Thehive?
Thehive plans to advance its AI-driven annotation automation, enabling faster and more precise labeling for enterprise datasets. The company aims to enhance its suite of pre-trained models and APIs, expand client partnerships across various industries, and expand its global delivery network.
With AI adoption surging worldwide, Thehive is positioned to remain a foundational player in data labeling infrastructure for next-generation machine learning applications.
Get Investor & Funding Insights with TexAu
TexAu provides verified investor and funding data for companies like Thehive. Explore insights on AI infrastructure, automation platforms, and data-centric startups shaping the future of intelligent systems.
Sign up for Free on TexAu to access real-time investor and funding intelligence.
