Datagen nabs $50 million to provide synthetic data for computer vision

New York-headquartered Datagen has raised $50 million in its series B funding to strengthen its platform and meet the growing demand for synthetic data in the broader AI space. Today, every organization understands an AI model is only as good as the data it is trained upon. Companies give particular focus on sourcing and annotating data correctly, but when it comes to computer vision models, the task becomes twice as difficult. This is largely due to the scarcity of high-quality 2D and 3D visual training data. A study conducted by Datagen itself found 99% of computer vision (CV) teams have had a machine learning (ML) project canceled due to insufficient training data while 100% saw delays due to the same problem.