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Datagen Raises $50 Million Series B To Empower Computer Vision Teams

03/23/22, 12:00 PM

Money raised

$50 million

Industry

natural resources

software

Round Type

series b

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 Israel-born company announced today. The round was led by new investor Scale Venture Partners, with partner Andy Vitus joining Datagen’s board of directors.

Company Info

Company

Datagen

Additional Info

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 Israel-born company announced today. 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. A twenty-plus-year-old enterprise-focused VC firm, Scale already invested in automotive simulation platform Cognata, and is bullish about simulated data. With this approach, Datagen now has a much more scalable way to help clients themselves generate the visual data that they need to train their computer vision applications. “The potential impact of what Datagen has to offer, across a broad range of applications, is staggering,” Vitus commented.

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