SynthBee, a company building a scalable and reliable computing intelligence platform to amplify and accelerate human innovation, announced it has secured $20 million in seed funding to expand the company and build out the team around its proprietary computing intelligence platform. The funding was provided by Crosspoint Capital Partners.
SynthBee was launched by Rony Abovitz, an entrepreneur with an exceptional track record of building transformative technology companies: MAKO Surgical (acquired by Stryker Corp. for $1.65 billion), and Magic Leap (the world leader in spatial computing innovation). And MAKO’s intelligent computing systems evolved the complex surgical environment and positively impacted the lives of millions of patients. SynthBee aims to apply its novel computing intelligence platform to accelerate human innovation across a wide array of industries safely.
KEY QUOTES:
“Crosspoint is excited to partner with SynthBee and back a multi-successful entrepreneur. SynthBee is poised to revolutionize the way enterprises innovate and deliver high-value solutions to market. Rony Abovitz has a proven track record and tremendous talent in designing and building highly impactful capabilities to significantly improve human potential and outcomes. From robotic surgical applications to state of the art spatial computing and augmented reality platforms, Rony’s latest vision for SynthBee will accelerate and enhance humans’ creative and problem-solving capabilities to an entirely new level.”
-Andre Fuetsch, Managing Director, Crosspoint Capital
“The SynthBee team is excited to partner with Andre and Crosspoint Capital to build out our novel computing intelligence platform. Current implementations of large-scale artificial intelligence systems have significant architectural challenges, security risks, and ethical flaws, leading to questionable governance and computational autocracies. SynthBee was founded to solve these problems and to forge alternate pathways for enterprise customers, the developer community, and eventually everyone, based on the philosophy of computational democracy. We are already commercially engaged with Fortune 500 customers with our solutions. We are also actively recruiting top tech talent to join our team.”
-Rony Abovitz, SynthBee’s President & CEO
