Delafield-based data company Synthetaic has closed a $13 million Series A financing round that included an investment from Green Bay-based TitletownTech. New York-based Lupa Systems led the funding round.
The money will be used to scale Synthetaic’s Rapid Automatic Image Categorization (RAIC) platform and continue to establish strategic partnerships to analyze some of the world’s most important data sets.
“The fact is that all of the AI being developed today are data hungry,” said Corey Jaskolski, Synthetaic founder and chief executive officer. “Feeding AI with high-quality, labeled data, whether you are working in a data rich or data sparse environment is a huge challenge. It’s expensive and time-consuming, and the number one thing keeping us from applying AI more widely and more efficiently. Our platform solves that problem to help fast-track the world’s transition to practical AI.”