DataCebo, a Boston, MA-based generative AI startup, raised $8.5 million in seed funding and has launched SDV Enterprise, a commercial version of its popular open-source product Synthetic Data Vault (SDV).
SaaS Investors
The round was co-led by Link Ventures and Zetta Venture Partners. Uncorrelated Ventures also participated.
Link Ventures is a venture capital firm investing in early-stage direct-to-consumer companies. Founded in 2006, and is based in Cambridge, Massachusetts, the firm seeks to invest in internet and technology companies.
Founded in 2013, Zetta Venture Partners is a venture capital investment firm based in San Francisco, California. The firm prefers to invest in pre-seed and seed-stage companies operating in the artificial intelligence and business-to-business sectors across North America and Europe.
DataCebo Use of Funds
The company plans to use the funding to advance its product and to build a go-to-market team.
About DataCebo
Founded by Kalyan Veeramachaneni and Neha Patki, DataCebo develops synthetic data libraries to generate data for simulations. It also offers multiple machine-learning models, benchmarking, and evaluation frameworks to help businesses incorporate synthetic data into their workflows. DataCebo lets developers easily build, deploy, and manage sophisticated generative AI models for enterprise-grade applications when real data is limited or unavailable. It was founded in 2020 and is based in Weston, Massachusetts.
Funding Details
Company: DataCebo, Inc.
Raised: $8.5M
Round: Seed Round
Funding Month: December 2023
Lead Investors: Link Ventures and Zetta Venture Partners
Additional Investors: Uncorrelated Ventures
Company Website: https://datacebo.com/
Software Category: Synthetic Data
Source: https://www.globenewswire.com/news-release/2023/12/07/2792808/0/en/Generative-AI-Startup-DataCebo-Launches-to-Bring-Synthetic-Data-to-All-Enterprises-With-8-5-Million-in-Seed-Funding.html