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4mo ago

Bezos Expeditions Leads $72 Million Investment Enabling Toloka's U.S. Expansion

The funding marks a pivotal shift in Toloka's independence and governance, with Shopify CTO Mikhail Parakhin joining as executive chairman.

Amazon founder Jeff Bezos in the Statuary Hall of the U.S. Capitol before the luncheon on the inauguration day of U.S. President Donald Trump's second Presidential term in Washington, U.S., January 20, 2025. REUTERS/Evelyn Hockstein REFILE - CORRECTING "AMAZON CEO JEFF BEZOS" TO "AMAZON FOUNDER JEFF BEZOS"/File Photo
AI investments, Toloka
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Overview

  • Jeff Bezos’ investment firm, Bezos Expeditions, has closed a $72 million funding round for AI data solutions company Toloka.
  • Shopify CTO Mikhail Parakhin participated in the investment and will serve as executive chairman on Toloka's newly formed board.
  • Nebius Group, Toloka's parent company, retains a majority economic stake but has relinquished majority voting control to enable Toloka's independent operation.
  • The funding will accelerate Toloka's growth in the U.S. market and support its development of human-AI collaborative products.
  • Toloka specializes in training and evaluating AI models using human experts and has worked with major clients like Amazon, Microsoft, and Anthropic.