202406 Feb

Synthetaic claims synthetic data is as good as the real thing when it comes to AI

Summary

Bringing Synthetaics total raised to $32.5 million, the new cash will be put toward accelerating commercialization of the companys computer vision tech and nearly doubling Synthetaics headcount to 80 staffers by the end of the year, according to CEO Corey Jaskolski.The amount of image data generated is growing exponentially, which underscores the increasing demand for advanced AI solutions to manage and analyze this vast trove of information, Jaskolski told TechCrunch in an email interview. Weve seen that generating insights from these vast amounts of data remains a significant pain point and priority for many industries like defense, geospatial, video security or drone-based monitoring. Synthetaics AI solutions in unsupervised learning and data analysis position us strategically to navigate that evolving tech landscape.Jaskolski, an MIT graduate and former director of technology at National Geographic, is the adventurous type. The system amplified the biases in the original dataset, which unsurprisingly captured mostly male and white professors.Synthetaics customers havent been scared away by the risks, for what its worth.The startup claims to have worked with the U.S. Air Force to test AI-powered object detection in geospatial data and with The Nature Conservancy, the nonprofit environmental organization, to identify species of birds previously thought to be extinct. Pointing to Synthetaics work with CNN to analyze war images from Gaza and its partnership with Planet Labs to sell analytics on top of Earth imaging data, he asserts that Synthetaics business is robust to the tech industrys downturn and wider macroeconomic headwinds.Synthetaics technology offers a transformative approach to AI model training and creation, addressing the critical needs of technical decision makers, Jaskolski said.

Source: Techcrunch

Funding

$15M
Amount
Feb 06 2024
Date
-
Investor
Synthetaic
Company

Classifications

Companies