KIYATEC Announces Investment from Seae Ventures and Names Co-founder and Managing Partner Jason Robart to its Board of Directors
01 May, 2021
– Synthesis AI, a synthetic data company, today emerged from stealth with the announcement that it closed a $4.5 million funding round.
– The startup says that the capital will allow it to expand its R&D team and develop new synthetic data technologies.
– Self-driving vehicle companies alone spend billions of dollars per year collecting and labeling data, according to estimates. Third-party contractors enlist hundreds of thousands of human data labelers to draw and trace the annotations machine learning models need to learn. (A properly labeled dataset provides a ground truth that the models use to check their predictions for accuracy and continue refining their algorithms.)