The company's technology, Rapid Automatic Image Categorization (RAIC), can automate the analysis of large unstructured datasets of raw images and video, enabling organizations to train and deploy AI models faster. The technology has been used in real-world scenarios, such as tracking a suspected Chinese spy balloon using geospatial satellite data and visual imagery. Synthetaic has also partnered with Microsoft Corp. for access to cloud graphical processing power and with Planet Labs PBC for daily insights and data.
Key takeaways:
- Synthetaic Inc. has raised $15 million in new funding co-led by Lupa Systems and TitletownTech to accelerate the development and commercialization of its platform for classification and detection of image data.
- The company's technology, Rapid Automatic Image Categorization (RAIC), can automate the analysis of large unstructured datasets of raw images and video, allowing organizations to train and deploy AI models much faster than traditional approaches.
- Synthetaic's technology has been used in real-world circumstances such as tracking a suspected Chinese spy balloon using geospatial satellite data and visual imagery, and by news agencies like CNN and BBC for geospatial image analysis.
- In August, Synthetaic announced a multiyear partnership with Microsoft Corp. that will provide the company access to massive cloud graphical processing power needed to deliver geospatial insights.