USA – Synthetaic, a Delafield, Wis.-based synthetic data company, raised $4.5M in funding to date.
This includes $1M in pre-seed funding and a $3.5M seed round led by Lupa Systems, with participation from Betaworks Ventures as well as TitletownTech, a Wisconsin-based fund formed out of a partnership between Microsoft and the Green Bay Packers.The seed financing will enable the company to grow their team, scale their modeling and generative AI technologies, and support technology strategic partnerships currently underway and in their pipeline. Led by CEO and founder Corey Jaskolski, Synthetaic combines high-fidelity 3D modeling and novel, generative AI to grow large and high-quality datasets sufficient for machine learning. In doing so, the company is able to extend AI into industries where data constraints have prevented previous applications of the technology. By focusing specifically on synthetic image data — which is more challenging to produce than columnar data — Synthetaic is able to address particularly high stakes use cases.The technology is already being deployed in medical imaging and conservation security. Through a collaboration with the University of Michigan, Synthetaic is developing a real-time tumor classification AI system that would assist surgeons in identifying what type of brain cancer is present while performing surgery.Beyond conservation intelligence, the company is leveraging its technology to fill gaps in training data and generate AI models that solve for critical use cases in security more broadly. Because Synthetaic can model and detect not just common occurrences, but also the rare, high-impact, high-risk edge cases, they can accurately detect threats and red flags that would have eluded models trained on traditional data sets.20/10/2020
