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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 Israeli-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.”
Investors that had backed Datagen’s $ 18.5 million Series A round 11 months ago participated in this new round. This includes VC firms TLV Partners and Spider Capital, as well as Series A leader Viola Ventures, this time also through its growth arm Viola Growth. High-profile individuals from the AI and data field doubled down too, such as computer scientists Michael J. Black and Trevor Darrell, Nvidia’s director of AI Gal Chechik and Kaggle’s CEO Anthony Goldbloom.
The list of investors could get longer, Datagen’s CEO Ofir Zuk (Chakon) told TechCrunch. Although the round closed a few weeks ago, the startup left “a small part in deferred closing” with a few names that remain to be confirmed.
One of Datagen’s main milestones since its Series A was building a self-serve platform that its target users demanded in their early feedback, Zuk said. This gives Datagen a more scalable way to help clients generate the visual data that they need to train their computer vision applications.
Datagen’s solution is used by computer vision teams and machine learning engineers inside a variety of organizations, including some Fortune 100 and Big Tech companies. It has a wide range of applications, but there are four that are accelerating faster than others, Zuk said: AR / VR / metaverse, in-cabin automotive and automotive in general, smart conferencing and home security.
In-cabin automotive is a good example to better understand what Datagen does. The term refers to what happens inside a car, such as whether or not the passenger is wearing a seatbelt. Passengers and cars come in many forms, which is where AI comes in handy. Based on some initial real-life 3D motion capture, Datagen lets its customers generate the much larger quantity of data that they need to, for instance, decide exactly where an airbag should be deployed.
Datagen’s focus is visual data, but it isn’t tied to a sector in particular. If use cases in retail and robotics take off, for example, it will only need to collect specific real-life data, such as motion capture from warehouses. The algorithms and technology on top of this are domain-agnostic, Zuk said.
A twenty-plus-year-old enterprise-focused VC firm, Scale has already invested in the Cognata automotive simulation platform, and is bullish about simulated data. So is Zuk: “Synthetic data is taking over real data,” he summed up.
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