Fairgen, a Tel Aviv, Israel-based company that generates accurate AI responses to surveys, has raised $8 million in seed funding.
Investors
The round was led by Maverick Ventures Israel, with participation from Tal Ventures, IGNIA, and Creator Fund.
Founded in 2013, Maverick Ventures Israel is a venture capital firm based in Tel Aviv, Israel, that provides funding for tech start-up companies by high-value investors from around the world who are interested in the success of innovative Israeli companies.
Fairgen Use of Funds
The company will use the funding to propel consumer insights into the AI era.
Fairgen is launching FairBoost, its flagship solution, which doubles the size of under-sampled segments using predictive synthetic responses.
About Fairgen
Founded by Samuel Cohen, Benny Schnaider, and Michael Cohen, Fairgen is a company that utilizes synthetic data for granular insights, proving scientifically its ability to augment under-sampled segments with high accuracy using proprietary algorithms. Fairgen's FairBoost trains an AI model exclusively on the customer's survey data, enabling it to extrapolate new responses for niche groups in minutes. Used by some of the largest global consumer brands, Fairgen has recently signed a partnership with the international market research firms, IFOP and BVA, which tested their technology and integrated it into their offerings.
Funding Details
Company: Fairgen Ltd.
Raised: $8.0M
Round: Seed Round
Funding Month: May 2024
Lead Investors: Maverick Ventures Israel
Additional Investors: Tal Ventures, IGNIA, Creator Fund
Company Website: https://www.fairgen.ai/
Software Category: Research & Insights
Source: https://www.prnewswire.com/news-releases/fairgen-raises-8m-for-statistically-accurate-ai-generated-survey-responses-302141251.html