Rendered.ai, a Bellevue, Wash.-based platform provider for physics-based synthetic data, closed a $6 million in seed funding.
The round was led by Space Capital with participation from Tectonic Ventures, Congruent Ventures, Union Labs, and Uncorrelated Ventures.
The company intends to use the funds to expand staffing and operations to scale up its platform.
Company: Rendered.ai
Raised: $6.0M
Round: Seed round
Funding Month: October 2021
Lead Investors: Space Capital
Additional Investors: Tectonic Ventures, Congruent Ventures, Union Labs, and Uncorrelated Ventures
Company Website: https://www.rendered.ai/
Software Category: Synthetic data platform as a service
About the Company: Led by Nathan Kundtz, founder, and CEO, Rendered.ai provides a Saas platform that supports data scientists, engineers, and business innovators who want to use synthetic data to investigate, validate, and expand AI-based technology and business opportunities. The platform integrates scenario generation, 3D model libraries, asset management, compute management, annotation, metadata management, and analytics in a single offering for generating content to train machine learning systems, for data labeling and annotation, and to validate and improve AI accuracy. The cloud-native system includes a no-code configuration tool, imagery generation using high-performance computing, and microservices and APIs to characterize, integrate, and access data with enterprise systems.
Source: https://www.finsmes.com/2021/10/rendered-ai-raises-6m-in-seed-funding.html