Datagen Explained

Type:Private company
Industry:Data technology
Founded:[1]
Hq Location City:Tel Aviv
Hq Location Country:Israel
Area Served:Worldwide
Owners:-->

Datagen was a multinational software company founded in 2018 by Ofir Chakon and Gil Elbaz. The company provides a platform for generating synthetic data for virtual reality (VR), augmented reality (AR), computer vision (CV), and artificial intelligence (AI), namely, self-driving cars, robotics and IoT security.

History

Datagen was founded in 2018 by Israeli Technion graduates Ofir Chakon and Gil Elbaz. The initial inspiration for creating what later was to become Datagen was a video of Facebook founder, Mark Zuckerberg, demonstrating Oculus.[2]

The Datagen platform is used to generate synthetic data used in computer vision AI while rendering the production of 2D and 3D imagery, by other means, for the purpose of training AI models, obsolete.[3] The company claims it can reduce the time needed to create AI training data from days to a few hours.[4] Datagen states that this will result in better-trained and more useful AI systems.[5]

In 2021, the company recruited new executives from several other tech corporations: Tal Darom (a past senior executive at Amazon in Israel), Jonathan Lazerson, Karin Regev, and Hadas Scheinfeld (a former executive at Google).[6]

In 2022, the company announced that it raised $50 million in a Series B funding round.[7]

In 2024, the company announced that it has decided to close down the business even though 20 million dollars remained in the bank.[8]

Notes and References

  1. Web site: Shulman . Sophie . Datagen raises $50 million for artificial intelligence data simulator . . 26 March 2022 . 23 March 2022.
  2. Web site: 20-Minute Leaders "Our DNA is implanted so deeply in the culture that other people live and breathe the values we started with." . . 26 March 2022 . 1 February 2022.
  3. Ruthy . Levy . 23 March 2022 . הסימולטור שפותר את כאב הראש הגדול של מפתחי הבינה המלאכותית . 26 March 2022 . . he.
  4. News: Yablonko . Jasmine . 1 October 2019 . "אנחנו בונים סימולטור שילמד מכונות להבין את העולם האמיתי" . 26 March 2022 . . he.
  5. Web site: Sevillia . Lee . 4 November 2021 . העולם צמא לדאטה סינטטי ו-Dategen מגייסת עשרות מפתחים . 26 March 2022 . . he.
  6. Web site: Rosenthal . David . 22 September 2021 . נבחרת של 4 בכירים הצטרפה לסטארטאפ Datagen . 26 March 2022 . . he.
  7. News: Israeli simulated data co Datagen raises $50m . . 26 March 2022 . 24 March 2022.
  8. News: 8 July 2023 . 20 million dollars remained in the bank, but the company decided to close: the mystery behind the death of Data Gen . 8 July 2023 . Themarker.