Synthetaic – a leading provider of advanced AI solutions – announced it raised $15 million in Series B funding from new and existing investors. The funding round was co-led by Lupa Systems and TitletownTech, with participation from IBM Ventures and Booz Allen Hamilton.
Synthetaic’s RAIC platform provides a streamlined solution for quick and cost-effective object search within raw image data. And this innovation significantly reduces the complexities associated with unlocking the full potential of massive, unstructured image datasets, providing businesses with immediate insights via rapid search and iterative AI model training.
This latest funding round will accelerate customer acquisition and capture new market opportunities for Synthetaic’s ground-breaking AI-powered data analysis solutions. RAIC’s versatile capabilities cover satellite imagery, full-motion video, drone photography, infrared thermography, and other image data types, catering to commercial and federal sectors.
For example, Synthetaic traced the full path of a suspected Chinese spy balloon in geospatial satellite data. From a hand-drawn sketch, RAIC took only two minutes to return a match after combing through 18 trillion pixels of Earth observation imagery.
This find formed the basis of a full investigation of the balloon’s path with The New York Times’ Visual Investigation team. CNN also utilized RAIC to analyze geospatial imagery in an active warzone for an exclusive investigation featured as CNN.com’s top story worldwide. In short, projects that would have taken years to complete with traditional methods and technical talent, now take minutes and can be completed by anyone.
Leading companies and federal agencies like The United States Air Force and BBC trust Synthetaic’s RAIC platform to unlock their visual data. Synthetaic also partners with Microsoft and Planet Labs to allow customers to leverage massive computing power and geospatial data for insights, in addition to their own video and image data.
Since Synthetaic’s inception, the company’s mission has included undertaking projects that positively impact the world. Synthetaic’s AI for Impact program has supported scientists, explorers, and researchers with esteemed organizations, including the United Nations, The Nature Conservancy, and National Geographic.
KEY QUOTES:
“Over the past year, we’ve proven that when it comes to your data, if you can see it, RAIC can search it. The next chapter is about bringing that technology to market so that companies across all industries can find the seemingly impossible answers locked inside their visual datasets.”
– Corey Jaskolski, Synthetaic CEO and Founder
“With the volume of image and video data that companies have previously been unable to take advantage of, Synthetaic now provides an incredible new capability to make that data useful and valuable. We’re thrilled to be on this journey with Corey and we can’t wait to see what the team accomplishes next.”
– TitletownTech Managing Director and Synthetaic Board Member Jill Enos
“We are excited to be investing in the amazing team at Synthetaic and working with them to explore new enterprise use cases leveraging their RAIC technology. This is a very compelling investment in support of our AI Strategy.”
– Thomas Whiteaker, IBM Ventures Partner
“For IBM, this investment is not just about advancing the technology stack, but embracing innovation that complements our ongoing focus on how AI can drive sustainability for our clients.”
– Christina Shim, VP and Global Head of Product and Strategy, IBM Sustainability Software
