Synthetaic, a Delafield-based data technologies company, announced it has raised $4.5 million from private investors, including TtitletownTech, the $25 million venture fund created by the Green Bay Packers and Redmond, Washington-based Microsoft Corp.
The round includes $1 million in pre-seed funding, and $3.5 million in seed funding. The round was led by Lupa Systems, an investment fund in New York.
“Our work with early partners has proven that we can generate data that would have taken years to collect in a matter of hours, and that we can train incredibly accurate models,” said Corey Jaskolski, Synthetaic CEO and founder, in a statement. “We’re honored to have the support of this committed group of investors, and for the opportunity to further extend AI into critical areas where data limitations have prevented the development of performant models.”
The seed financing will be applied toward hiring and scaling the company's technology. Jaskolski launched the company in October 2019.
Synthetaic applies its technology to use cases to build high-quality data and predictive models. The company's technology is currently being deployed in medical imaging and conservation security.
“If data is the new oil it’s imperative that we avoid the pitfalls of that extractive industry,” said Ben Fitzgerald, a partner at Lupa Systems, in a statement. “Synthetaic’s technology has the potential to save time, money, and increase the robustness of AI models without relying on massive quantities of sensitive data.”
