Fairgen, a Tel Aviv, Israel-based company generating AI responses to surveys, raised $8M in Seed funding.
The round was led by Maverick Ventures Israel, with participation from Tal Ventures, IGNIA and Creator Fund.
The company intends to use the funds to expand operations and its development efforts.
Founded by Samuel Cohen, Fairgen generates accurate AI responses to surveys. The company is launching FairBoost, which trains an AI model exclusively on the customer’s survey data. The model learns the relationship between the different surveyed groups and can extrapolate from the larger groups, generating new responses for niche groups in minutes that are mathematically guaranteed to be statistically accurate. It is used by some of the largest global consumer brands and has recently signed a partnership with the international market research firms, IFOP and BVA, which tested their technology and integrated it into their offerings.
FinSMEs
09/05/2024