One company spent eight years cataloguing the worst material on the internet. It has now raised $140mn to point that archive at AI models.
Alice, formerly ActiveFence, announced the round on Tuesday. Apax Digital Funds led it, and will take a board seat. Total funding now stands at $280mn.
The announcement names MoreTech and Phoenix Financial as the new participants. Existing backers including Resolute Ventures, Grove Ventures, CRV, Highland Europe, Norwest, NFX and Claltech also joined.
Bloomberg and the Israeli press add two names the release leaves out. Samsung Electronics took part, and so did the listed cybersecurity company SentinelOne. That last one now holds a stake in a firm selling into the same buyers.
Nobody agrees what it is worth
