Synthetaic, a Delafield, WI-based AI solutions provider, secured $15 million in Series B funding.
The round was co-led by Lupa Systems and TitletownTech, with support from IBM Ventures and Booz Allen Hamilton.
Founded in 2019, Lupa Systems is a private equity firm based in New York. The firm prefers to make investments in the technology and media industries, impact-driven companies focused on environmental sustainability, particularly within the Indo-Pacific region.
TitletownTech is a venture capital firm based in Green Bay, Wisconsin. Founded in 2018, the firm prefers to invest in early-stage companies in the US and Canada.
Synthetaic Use of Funds
The company will use the funding to accelerate customer acquisition and market expansion for Synthetaic's AI-powered data analysis solutions, catering to both commercial and federal sectors.
Founded in 2019 by Corey Jaskolski, Synthetaic is an AI company that builds software that unlocks the full potential of your data. The company's main service is the provision of a tool known as rapid automatic image categorization (RAIC), which automates the analysis of large, unstructured datasets, enabling the training and deployment of AI models traditional methods. Its platform, RAIC, facilitates instant search for any object in any kind of image data, including full-motion video and satellite imagery. The company serves commercial and federal sectors, offering diverse capabilities for various image data types.
Company: Synthetaic, Inc.
Round: Series B
Funding Month: February 2024
Lead Investors: Lupa Systems and TitletownTech
Additional Investors: IBM Ventures and Booz Allen Hamilton
Company Website: https://www.synthetaic.com/
Software Category: Data Analysis Solution