Virtual synthetic data company OneView has raised $3.5 million in its seed funding. The funding led by TPY Capital included other investors such as RDC and MediaTek, media reports said.
The company will use the proceeds from the funding to provide virtual imagery for machine learning model training. RDC is the commercial arm of Rafael Advanced Defence Systems, in partnership with Elron Electronic Industries.
Dor Herman, Co-founder & CEO of OneView, said in a statement, “With the proliferation of satellite and aerial imagery, OneView can help better understand the world we live in. Our virtual synthetic datasets enable to fast-track the algorithm training phase, and scale intelligence gathering from earth observation imagery.”
It appears that OneView is establishing partnerships with market leaders across industries. The company seeks to ensure comprehensive solutions for accurate intelligence.
TYP Capital is a venture capital company focused on revenue-stage technology companies, in addition to a few pre-revenue technology companies. Kobi Katz, VP & CIO at Rafael, and board member at RDC, said in a statement, “We were impressed with the talented team at OneView and strongly believe their unique technology is a game-changer. OneView’s technology is valuable for numerous use cases both in the civil and in the defense industries. This is where our partnership with Elron through RDC can bring unique capabilities and provide support in product development, product-market fit, go to market planning, and AI knowhow.”