2 minute read | March.22.2022
Scale Venture Partners has led a $50 million Series B financing round for Datagen, a company based in Israel that empowers engineers to generate cutting edge human-centric synthetic data for computer vision.
Orrick advised Scale Venture Partners.
Based in Foster City, California, Scale Venture Partners “invests in early-stage technology companies that are ready to transition from founder-led growth to go-to-market machine.”
Datagen is powering the AI revolution by providing high-performance synthetic data, with a focus on data for human-centric computer vision applications. The company is based in Tel Aviv, Israel.
In an announcement, Datagen’s co-founder and CEO, Ofir Zuk, said the $50 million “enables us to substantially accelerate our growth.”
“We’re lucky to have investors on board who understand the future of AI and are thankful to have them on this journey with us,” he said.
Andy Vitus, a Scale partner, said in announcing the investment that Datagen “generates photorealistic labeled datasets based on specific criteria and distributions, allowing its enterprise customers to train and test their machine learning models more efficiently.
“Synthetic data has emerged in response to the shortcomings of real-world datasets. We believe training computer vision models with synthetic data is going to become the industry standard because of its clear advantages over manual collection.”
The Orrick team that advised Scale Venture Partners includes John Bautista, Daniel Healow, Emily Donohue and Davin M. Stockwell.