Series A Funding Round Nets Sky Engine AI £5.5 Million for its Synthetic Data Cloud Platform

London-based Sky Engine AI has raised £5.5 million in Series A funding to facilitate expansion of its synthetic data cloud platform, benefiting data scientists and engineers working on computer vision applications. The investment round was led by Cogito Capital Partners, with participation from Movens Capital, High-Tech Gründerfonds (HTGF), and others.

The purpose of Sky Engine AI is to help businesses reach the market sooner and more accurately by using synthetic data for training and verifying AI models. The company's collaborations with Microsoft and Nvidia continue to be developed, and revenues have tripled over the past 18 months.

Using synthetic data, Sky Engine AI aims to support deep learning teams in developing AI models with lower algorithmic biases and better generalization across unidentified real-world data. Their expertise in growing companies centered on visual AI makes them invaluable in this endeavor.

The track record of the investors speaks for itself, as their expertise in growing companies centered on visual AI makes them invaluable at a time when synthetic data is producing a great deal of immediate value in the real world.