Sky Engine AI, a London, UK-based synthetic data cloud platform, has secured $7 million in Series A funding.
SaaS Investors
The round was led by Cogito Capital Partners, with participation from Edge VC and Taiwania Capital, as well as existing investors Movens Capital, High-Tech Gründerfonds, and Charles Morgan.
Cogito Capital Partners is a venture capital firm based in Warsaw, Poland, and New York, USA. Cogito invests in later-stage European deep-tech B2B companies (“scale-ups”) with global expansion potential, operating in three key sectors: enterprise software/data analytics, fintech, and healthtech.
Sky Engine AI Use of Funds
The new funding will support the startup's accelerated growth.
About Sky Engine AI
Founded in 2018 by Bartek Wlodarczyk and Jakub Pietrzack, Sky Engine AI is a synthetic data cloud for deep learning, which trains AI computer vision algorithms in parallel at scale. SKY ENGINE AI platform is a tool for developers: Data Scientists, and ML/Software Engineers creating computer vision projects in any industry.The company scaled with over 40 people, with support from top tech partners Nvidia and Microsoft. SKY ENGINE AI’s mission is to augment deep learning teams to create AI models that generalize better against unknown real-world data and with reduced algorithmic biases.
Funding Details
Company: Sky Engine AI
Raised: $7.0M
Round: Series A
Funding Month: January 2024
Lead Investors: Cogito Capital Partners
Additional Investors: Edge VC, Taiwania Capital, Movens Capital, High-Tech Gründerfonds, and Charles Morgan
Company Website: https://skyengine.ai/
Software Category: Synthetic Data Cloud
Source: https://tech.eu/2024/01/17/sky-engine-ai-raises-7m-in-series-a-funding-for-synthetic-data-cloud-platform/