Rapidly Growing Synthetic Data Cloud Raises Series A
Rapidly growing Synthetic Data Cloud builds on commercial momentum with Series A led by Cogito Capital Partners with Edge VC, Taiwania Capital, Movens Capital and HTGF. Investors' previous portfolio include Unity and Landing.ai. Company serves customers like Renault Group, Samsung, Ericsson, partnering Nvidia and Microsoft.
SKY ENGINE AI has raised its Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers.
SKY ENGINE AI is a simulation and deep learning platform that generates fully annotated, multimodal synthetic data, provides advanced domain adaptation methods and trains AI computer vision algorithms at scale. It is a tool for data scientists, ML/software engineers creating computer vision projects in any industry.
Access, quantity and quality of data covering edge cases for computer vision models is an expensive, time-consuming challenge for companies that rely on it to train and validate their AI models. As a result, progress in the industries including robotics, automotive or manufacturing can be limited. This is where SKY ENGINE AI helps companies like Renault, Scania, Ericsson, Samsung or Syngenta release the bottleneck and bring the full potential of vision AI to the market faster. SKY ENGINE AI’s technology enables production of smarter and more accurate AI models, and offers improved project economics, all without requiring developers to leave their desks to gather relevant data, especially for edge cases. By 2024, Gartner predicts 60% of data used for these projects will be synthetic – rising to 95% by 2030.
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