The Silicon Valley startup named Wirestock has closed its Series A funding round in which it secured a total amount of $23 million to further enhance its multimodal AI data platform and establish itself in the dynamically changing world of artificial intelligence. Nava Ventures led the fundraising round while SBVP, Formula VC, I2BF Global Ventures, and other strategic partners also contributed.
Having established itself as one of the leaders in the AI data infrastructure market, Wirestock connects a worldwide community of creators with top artificial intelligence laboratories in need of ethically obtained and high-quality training datasets. Alongside growing more sophisticated, artificial intelligence models are also developing their capacities to incorporate multimodal inputs in addition to plain text such as images, videos, audio, graphics, and 3D models.
Although previously engaged in assisting creators to monetize their visual content through stock media marketplaces, Wirestock recently transformed its business model to focus on multimodal data licensing and curation services. Today, it provides datasets for multiple foundational AI model developers enabling their further development of systems with the ability to perceive and create visual content.
With the change, Wirestock has grown their ecosystem of creators to over 700,000 creators globally, who include photographers, videographers, filmmakers, designers, musicians, and even 3D artists. The company claims that this creator-centric strategy has led to the creation of millions of assets on their platform along with lucrative payments to the creators. In addition, the adoption of the AI licensing strategy by Wirestock has resulted in a 20x year-over-year increase in creator payouts along with exceeding $40 million per year in revenue.
Mikayel Khachatryan, CEO and co-founder of Wirestock, said, “Wirestock has built an incredibly versatile platform that orchestrates the creation, curation, and delivery of complex multimodal datasets. By learning from this data, AI models gain a deeper understanding of the world around us and become more capable of performing creative tasks. With all this innovation, we never lose sight of what powers Wirestock, our global community of creators. We remain deeply committed to fair compensation, transparency, and providing ethical data that drives responsible AI development.”
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He further added, “This investment will allow us to deepen our research and continue expanding the platform to meet the evolving data needs of future AI models. We’re excited to partner with Nava Ventures and other like-minded investors who share this vision.”
Wirestock’s AI data generation platform is specially built to cater to today’s state-of-the-art multi-modal AI systems. As opposed to traditional internet-sourced training datasets, the focus is on the deliberate process of data sourcing, curating, semantic tagging, and AI moderation. This becomes all the more critical as organizations, both commercial and research-based, require accurate and trustworthy data for their AI models.
The additional funds will help the firm grow its creator monetization platform. Wirestock plans to launch new income channels and streamlined workflows for their creators to be part of the AI data generation process while being fully transparent about licensing and payments.
Freddie Martignetti of Nava Ventures said, “Wirestock is at the cutting edge of the rapidly growing multimodal data ecosystem. As artificial intelligence progresses past language-based systems, multimodal data will become an increasingly important part of any model’s training. Mikayel and the team at Wirestock have a deeply prepared mind in the space, and have positioned themselves as clear leaders in the category.”
This is indicative of a wider pattern in the world of AI, wherein access to high-quality ethical training data is as essential as having computing power and AI chips. In line with the increasing use of multimodal AI technology in applications such as content creation, automation, simulation, and workflow management by businesses, Wirestock positions itself as an essential infrastructure supplier in this new age of AI.
