Only have 1 minute? Here are 3 key takeaways:
- Polish-founded synthetic data cloud platform, SKY ENGINE AI has raised $7 million in a Series A funding round led by Cogito Capital Partners, and with the participation of Edge VC and Taiwania Capital, as well as existing backers Movens Capital, High-Tech Gründerfonds (HTGF), and entrepreneur Charles Morgan.
- SKY ENGINE AI focuses on training AI computer vision algorithms using generative simulation and deep learning.
- SKY ENGINE AI will use the new investment to accelerate the startup’s growth as it helps data scientists, machine learning, and software engineers working on computer vision projects.
SKY ENGINE AI is a synthetic data cloud for deep learning, which trains AI computer vision algorithms in parallel at scale. The platform, founded in 2018 by Bartek Wlodarczyk and Jakub Pietrzak, focuses on creating balanced imagery data of photorealistic environments and objects using procedural generation and advanced domain adaptation algorithms. The founders have a strong background in physics and computer science.
SKY ENGINE AI will use the new investment to accelerate the startup’s growth as it helps data scientists, machine learning, and software engineers working on computer vision projects. The company is tackling a crucial obstacle in computer vision AI to shift towards a 95% dependence on synthetic data by the year 2030, according to Gather research.
“We first invested in SKY ENGINE AI (together with HTGF | High-Tech Gründerfonds) in the 2021 Seed round. It aligned perfectly with our focus on early tech startups with the link to CEE poised for European and global impact”, shared Artur Banach, Partner at Movens Capital, a Warsaw-based VC firm investing in AI-driven companies, fintech, SaaS, and platforms (marketplaces), deep tech.
SKY ENGINE AI has experienced significant growth, tripling its revenue and expanding its team to over 40 members in the last 18 months. The company’s headquarters are located in London, UK, while the majority of the team members are based in Poland.