Synthesized, a London, UK-based data generation and provisioning platform, received investment.
SaaS Investors
The investment was from UBS Next.
UBS Next is the corporate venture arm of UBS. UBS is a multinational investment bank and financial services company founded and based in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. With the acquisition of Credit Suisse, UBS manages USD 5.7 trillion of invested assets as of the fourth quarter of 2023. The firm operates in more than 50 countries around the globe.
Synthesized Use of Funds
The company will use the investment to fuel its growth phase.
About Synthesized
Synthesized offers a unique AI-driven, code-centric method for creating production-like test data, addressing the pressing need for efficient and secure data management in today's digital landscape. The company is on a mission to make the creation and access of high-quality data fast and easy. QA and ML teams can now easily create, validate, and safely share high-quality data for software testing, model training, and analysis without requiring complex code or configurations. Synthesized has been recognized for data generation innovation as a British Data Awards Finalist: AI Company of the Year and Computing AI, Machine Learning Awards: Most Innovative AI Solution, and has been named a Gartner Cool Vendor.
Funding Details
Company: Synthesized Ltd.
Raised: Undisclosed
Round: Unknown
Funding Month: February 2024
Lead Investors: UBS Next
Additional Investors:
Company Website: https://www.synthesized.io/
Software Category: Data Generation and Provisioning Platform
Source: https://www.synthesized.io/releases-newsroom/synthesized-receives-ubs-next-investment