Sky Engine AI Raises $7M to Improve Computer Vision
Sky Engine AI, a London, UK-based provider of a simulation and learning platform for tech companies to improve computer vision with Synthetic Data Cloud for AI developers, recently announced that it raised $7M in Series A funding. The round was led by Cogito Capital Partners, a leading investment firm, with participation from several other prominent investors including Charles W. Morgan, Edge VC, Taiwania Capital, Movens Capital, and High-Tech Gründerfonds. As a result of this funding, Martin Jasinski, General Partner at Cogito, has joined Sky Engine AI's board of directors. The company plans to utilize the funds to expand its operations and further extend its business reach.
Founded by Dr Bartek Wlodarczyk, Sky Engine AI offers a cutting-edge simulation and deep learning platform that generates fully annotated, multimodal synthetic data.
With its advanced domain adaptation methods and scalable AI computer vision algorithms, the platform empowers data scientists and ML/software engineers to create computer vision projects across various industries. Over the past 18 months, the company experienced significant growth, securing a total of $7 million in Series A funding. During this period, the company tripled its revenues and scaled its team to over 40 employees. Moreover, it gained support from major tech partners such as Nvidia and Microsoft.
Sky Engine AI has successfully served numerous high-profile customers, including Renault Group, Samsung, and Ericsson. The company's partnerships with tech giants Nvidia and Microsoft enable it to provide cutting-edge solutions and stay at the forefront of innovation in the field of computer vision. With its recent funding, Sky Engine AI is well-positioned to continue its growth trajectory and drive advancements in AI development for computer vision projects.
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