Synthetaic claims synthetic data is as good as the real thing when it comes to AI
Synthetaic, a startup developing tools to create synthetic data for training AI models, has raised $15 million in a venture funding round.
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Synthetaic, a startup developing tools to create synthetic data for training AI models, has raised $15 million in a venture funding round.
Later spotted -- and shot down -- by the U.S. Air Force, the balloon proved difficult for curious civilian lookers-on to trace back to its origin -- until AI firms like Synthetaic showed it could be done with satellite imagery. The balloon saga turned out to be a strong product demo opportunity for Synthetaic, as luck would have it -- catching the attention of investors including defense contractor Booz Allen Hamilton. This week, Synthetaic raised $15 million in a Series B round co-led by Lupa Systems and TitletownTech, a VC firm formed out of a partnership between the Green Bay Packers and ...
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Parallel Domain is putting the ability to generate synthetic datasets into the hands of its customers. The San Francisco-based startup has launched a new API called Data Lab that stands on the shoulders of generative AI giants, giving machine-learning engineers control over dynamic virtual worlds to simulate any scenario imaginable. "All you have to do is you go to GitHub, you install the API, and then you can start writing Python code that generates datasets," Kevin McNamara, founder and CEO of Parallel Domain, told TechCrunch.