Kelowna-headquartered Two Hat Security has raised $7.5 million in a new funding round led by San Francisco’s Tam Holdings and also including Makers Fund and Taubman Capital.
Two Hat Security is the creator of Community Sift, a powerful risk-based content filter and moderation engine.
Two Hat provides AI-powered content moderation solutions that find and prevent conversations that indicate cyberbullying, encouragement of suicide, radicalization into terrorism, and child sexual grooming.
The funds will be used to grow Two Hat’s team, ramp up marketing and customer acquisition, and develop additional capabilities in Two Hat’s platform, including extending support for 20 existing languages to the same standard as English models.
“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.”
“There is an increasing need for tools to protect the users of games and other virtual communities from harmful content,” said 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.”
Two Hat is creating a future where bullying, porn and violence aren’t the cost of being online. “To fulfill that vision, we need partners,” said Two Hat’s Priebe. “Behind Tam Holdings, Taubman Capital and Makers Fund is rare experience, great growth partners, and the skill to acquire more companies.”
In conjunction with the investment, Tam Holdings will join Two Hat’s Board of Directors.