Datagen Secures $50 Million in Series B  

by Kay Aloha Villamor in March 24th, 2022

Datagen, a Tel Aviv, Israel-based data-as-code leader for computer vision artificial intelligence (AI), announced it closed $50 million in Series B financing, bringing Datagen’s total raised to over $70 million.

The round was led by new investor Scale Venture Partners, with participation from existing investors TLV Partners, Viola Ventures, and Spider Capital. 

The additional funds will help Datagen to continue to bolster its leadership position in the nascent computer vision (CV) space.

Andy Vitus, a partner at Scale VP, joins Datagen’s board of directors, effective immediately.

Company: DataGen Technologies Ltd.

Raised: $50.0M

Round: Series B

Funding Month: March 2022

Lead Investors: Scale Venture Partners

Additional Investors: TLV Partners, Viola Ventures, and Spider Capital

Company Website: https://datagen.tech/

Software Category: AI Computer Vision

About the Company: Founded in 2018, with a mission to transform how teams get their data for computer vision network training. Datagen is leading the AI revolution by generating synthetic data to train computer vision systems, with expertise in creating data for human-centric computer vision applications. We developed a self-serve synthetic data generation technology that delivers visual data with unmatched domain coverage and high variance. Using our platform, CV teams generate high-fidelity 3D data with associated ground truth, in a seamless and scalable way. Datagen customers include Fortune 100 companies across a variety of industries including AR/VR, Security, Automotive, Robotics, and more. 

Source: https://www.globenewswire.com/news-release/2022/03/23/2408472/0/en/Data-as-Code-Co-Datagen-Secures-50-Million-in-Series-B-Funding-Led-by-Scale-Venture-Partners.html

 

 


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