Datagen raises $50 million Series B to empower computer vision teams

Datagen raises $50 million Series B to empower computer vision teams

4 years ago
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https://techcrunch.com/2022/03/23/datagen-raises-50-million-series-b-to-empower-computer-vision-teams/

Datagen raised a $50 million Series B round to boost the growth of its synthetic data solution for computer vision (CV) teams, bringing its total funding to over $70 million, the Israel-born company announced today. The round was led by new investor Scale Venture Partners, with partner Andy Vitus joining Datagen’s board of directors.

With offices in Tel Aviv and New York, Datagen “is creating a complete CV stack that will propel advancements in AI by simulating real world environments to rapidly train machine learning models at a fraction of the cost,” Vitus said. The Palo Alto-based VC predicts that “this will fundamentally transform the way computer vision applications are developed and tested.”