Browsing: Synthetic

Synthetic datais used to replace poor-quality, fragmented, sensitive or nonexistent data for analytics or to train AI. Some organizations also use it to createsynthetic panelsto generate feedback. Using synthetically generated data can be faster and more cost-effective than real enterprise data. However, there are concerns over bias and inaccuracies.

Synthetic raises funding through a $10 million seed round led by. Basis Set Ventures also participated in the round, alongside several operator-investors. These include Tobi Lütke of Shopify and Kaz Nejatian of Opendoor. Zach Abrams, Cosmin Nicolaescu and Michael Tannenbaum also joined the investor group.