SKY ENGINE AI recently announced it raised $7 million in Series A round to help tech companies improve computer vision with Synthetic Data Cloud for AI developers. And SKY ENGINE AI is a simulation and deep learning platform that generates fully annotated, multimodal synthetic data, provides advanced domain adaptation methods, and trains AI computer vision algorithms at scale. This is a tool for data scientists, ML/software engineers creating computer vision projects in any industry.
SKY ENGINE AI helps companies such as Renault, Scania, Ericsson, Samsung, and Syngenta bring the full potential of vision AI to the market faster. And SKY ENGINE AI’s technology enables the production of smarter and more accurate AI models and offers improved project economics, all without requiring developers to leave their desks to gather relevant data, especially for edge cases.
the company enjoyed a successful 18 months, during which it raised $7 million Series A and tripled its revenues despite challenging economic headwinds. And the company scaled with over 40 people and support from top tech partners Nvidia and Microsoft.
The funding round was led by Cogito Capital Partners, which recently exited Applica.ai to Snowflake with participation from other new investors: Edge VC and Taiwania Capital. The existing investors also included British entrepreneur and businessperson Charles W. Morgan, and funds Movens Capital and High-Tech Gründerfonds (HTGF), whose fund investors include industry-leading companies, also participated in the round. And Martin Jasinski, General Partner at Cogito, joins SKY ENGINE AI’s board of directors.
KEY QUOTES:
“The pedigree of our investors speaks for itself: their experiences in scaling businesses that focus on vision AI will be indispensable at a time where similarly synthetic data is bringing so much immediate value in the real world. SKY ENGINE AI’ mission is to augment deep learning teams to create AI models that generalize better against unknown real-world data and with reduced algorithmic biases”
– Dr Bartek Wlodarczyk, CEO and Founder of SKY ENGINE AI
“Addressing a critical challenge in machine learning, SKY ENGINE AI’s synthetic data solution stands out. This new partnership strategically aligns with Taiwania Capital’s investment thesis. We expect it to engender synergies in Smart Manufacturing and Industrial IoT in Taiwan and Asia.”
– Mitch Yang, Managing Partner of Taiwania Capital CEE Fund
“The pain point SKY ENGINE AI addresses is only going to grow and we are convinced they’re well-positioned to become a market leader in the area of computer vision synthetic data generation.”
– Martin Jasinski, General Partner at Cogito Capital Partners
“We are delighted to be partnering with SKY ENGINE AI to help supercharge its market-leading synthetic data capabilities. We have been particularly impressed by the vision of the founding team, the unique IP they have developed, and the immediate traction with blue-chip customers.”
– Simon Andrews, General Partner and Chief Investment Officer at Edge Investments Ltd
