 The company raised $58 million in venture capital and was acquired by Appen and Five River Group of Industries in March 2019 for $300 million.It uses human intelligence to do simple tasks such as transcribing text or annotating images to train machine learning algorithms.Figure Eight's software automates tasks for machine learning algorithms, which can be used to improve catalog search results, approve photos or support customers and the technology can be used in the development of self-driving cars, intelligent personal assistants and other technology that uses machine learning.