Rendered.ai, a platform provider for physics-based synthetic data, has announced the closing of a $6M seed round led by Space Capital. Participating investors include Tectonic Ventures, Congruent Ventures, Union Labs, and Uncorrelated Ventures.
The funding will help expand staffing and operations to scale up the Rendered.ai Platform as a Service.
“Synthetic data is an answer to the most pressing problems in AI. Many users focus only on generating static datasets,” said Nathan Kundtz, founder and CEO, Rendered.ai. “By offering access to a PaaS for iterative collaboration and data generation, we can help customers and partners adopt synthetic data as an innovative, cost-effective business capability.”
“The utility of synthetic data is already obvious to customers, however most existing solutions are highly bespoke and unscalable,” said Chad Anderson, managing partner, Space Capital. “By providing an open platform, Rendered’s approach will enable the broad adoption of synthetic data into existing enterprise workflows.”
“We have seen the capability and potential of Rendered’s platform demonstrated with customers and we believe that it will become the gold-standard for synthetic data generation,” Anderson added. “We are thrilled to join the efforts of Nathan and the team at Rendered and look forward to continuing to support their growth into geospatial intelligence markets, which are hungry for their services.”
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