Mindtech, a Sheffield, UK-based provider of a platform for the creation of synthetic training data for AI vision systems, raised $3.7M in funding.
The round was led by Appen with participation from existing investors.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Steve Harris, Mindtech is a developer of an end-to-end ‘synthetic’ data creation platform for the training of AI vision systems. The company’s Chameleon platform helps computers understand and predict human interactions in applications ranging across retail, smart home, healthcare and smart city.
Appen and Mindtech also signed a commercial partnership to drive adoption of synthetic data across the global AI industry.
This new investment round follows a $3.25mi funding round in July 2021.
FinSMEs
10/03/2022