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MOSTLY AI raises $25 million to further commercialize synthetic data in Europe and the US

TechCrunch

Austrian synthetic data startup MOSTLY AI today announced that it has raised a $25 million Series B round. Synthetic data is fake data, but not random: MOSTLY AI uses artificial intelligence to achieve a high degree of fidelity to its clients’ databases. where it already has offices in New York City.

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Bringing insights to the masses: Tableau + Narrative Science will make data more accessible for everyone

Tableau

Today I’m pleased to share that our mission to help people see and understand data becomes even stronger with our acquisition of Narrative Science, a Tableau partner since 2016 and global leader in data storytelling technologies. . This acquisition comes at a time when data has never been more important.

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Berlin’s Tilo raises seed round to tackle unstructured data sets with a serverless platform

TechCrunch

As is commonly the case, data sets used inside companies almost always come from diverse sources and in different, unstructured formats. Tilo’s data infrastructure tool TiloRes says it helps companies match data points from different sources and formats, by being both serverless and doing it in near real-time and at scale, claims the company.

Data 98
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Sifflet raises cash to expand its data observability platform

TechCrunch

Organizations dealing with large amounts of data often struggle to ensure that data remains high-quality. According to a survey from Great Expectations, which creates open source tools for data testing, 77% of companies have data quality issues and 91% believe that it’s impacting their performance.

Data 80
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Bringing insights to the masses: Tableau + Narrative Science will make data more accessible for everyone

Tableau

Today I’m pleased to share that our mission to help people see and understand data becomes even stronger with our acquisition of Narrative Science, a Tableau partner since 2016 and global leader in data storytelling technologies. . This acquisition comes at a time when data has never been more important.

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Synthesis AI raises $17M to generate synthetic data for computer vision

TechCrunch

Synthesis AI , a startup developing a platform that generates synthetic data to train AI systems, today announced that it raised $17 million in a Series A funding round led by 468 Capital with participation from Sorenson Ventures and Strawberry Creek Ventures, Bee Partners, PJC, iRobot Ventures, Boom Capital and Kubera Venture Capital.

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The market for synthetic data is bigger than you think

TechCrunch

“By 2024, 60% of the data used for the development of AI and analytics projects will be synthetically generated.” ” This is a prediction from Gartner that you will find in almost every single article, deck, or press release related to synthetic data. Last but not least is the time horizon.

Data 79