AI.Reverie Gets Addtl Financing to Support Machine Learning Tech Dev't


AI.Reverie Gets Addtl Financing to Support Machine Learning Tech Dev't - top government contractors - best government contracting event

Synthetic data technology maker AI. Reverie has received $5.6M in equity funding to support upcoming efforts such as portfolio expansion, talent acquisition and technology assessments.

AI. Reverie said Tuesday that the Vulcan Capital-led financing round included investments from In-Q-Tel, Compound, SGInnovate, Resolute Ventures, Triphammer Ventures and TechNexus.

The recent investment brings AI. Reverie's funding to over $10M. YB Choi, a partner at Vulcan Capital, also joined AI Reverie's board of directors as part of the move.

Daeil Kim, co-founder and CEO of AI. Reverie, said the company is “ready to grow“ its synthetic data portfolio after conducting several projects with its broad clientele.

Headquartered in New York, AI. Reverie offers algorithm-training and simulation technologies based on machine learning and gaming concepts.

The company's synthetic image and video data offerings have been used in a range of applications including smart cities, weapons detection, cashless transactions, agriculture, retail and defense.

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