AI.Reverie Secures $5.6 Million Financing Led by Vulcan Capital
Summary
NEW YORK--(BUSINESS WIRE)--AI.Reverie, the computer vision company that generates synthetic data to train algorithms, today announced that it has completed a $5.6 million equity round of financing. Their platform propelled projects in Defense, Retail, Smart Cities, Industrials and Agriculture including airport simulation, weapons detection, cashier-less shopping and delivery bots. Expert investors signaled confidence that AI.Reverie’s pioneering technology works, and the company will release several important benchmarking studies in the coming months that verify the impact of its synthetic data. AI.Reverie provides another option: it leverages gaming technology and machine learning techniques to procedurally generate a diverse range of labeled images and videos at scale. This company has captured the lead in a potentially explosive new field.” The AI.Reverie synthetic data platform creates a virtually endless supply of annotated images and videos to accelerate computer vision and machine learning by lowering the cost of training while improving the quality, diversity, and accuracy of metadata.