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SynthBee, began by Magic Leap founder Rony Abovitz, has raised $20 million in funding to create a brand new type of “computing intelligence.”
The corporate is predicated in Fort Lauderdale, Florida, the identical place the place Magic Leap grew up with the promise of blended actuality computing. The cash is aimed toward serving to the corporate increase and construct out the staff round its proprietary computing intelligence platform.
Crosspoint Capital Companions (Crosspoint Capital) led the spherical.
“Crosspoint is excited to partner with SynthBee and back a multi-successful entrepreneur,” mentioned Andre Fuetsch, managing director at Crosspoint Capital, in a press release. “SynthBee is poised to revolutionize the way enterprises innovate and deliver high-value solutions to market.”
Fuetsch added, “Rony Abovitz has a proven track record and tremendous talent in designing and building highly impactful capabilities to significantly improve human potential and outcomes. From robotic surgical applications to state of the art spatial computing and augmented reality platforms, Rony’s latest vision for SynthBee will accelerate and enhance humans’ creative and problem-solving capabilities to an entirely new level.”
Abovitz beforehand began Mako Surgical (acquired by Stryker Corp. for $1.65 billion), and Magic Leap (a pioneer in spatial computing). Mako’s clever computing programs efficiently developed the complicated surgical surroundings and positively impacted the lives of hundreds of thousands of sufferers.
SynthBee goals to use its novel computing intelligence platform to soundly speed up human innovation throughout a big selection of industries.
“The SynthBee team is excited to partner with Andre and Crosspoint Capital to build out our novel computing intelligence platform,” mentioned Abovitz, CEO of SynthBee, in a press release. “Current implementations of large-scale artificial intelligence systems have significant architectural challenges, security risks, and ethical flaws, leading to questionable governance and computational autocracies.”
Abovitz added, “SynthBee was founded to solve these problems and to forge alternate pathways for enterprise customers, the developer community, and eventually everyone, based on the philosophy of computational democracy. We are already commercially engaged with Fortune 500 customers with our solutions. We are also actively recruiting top tech talent to join our team.”
SynthBee mentioned it’s constructing secure, scalable, and dependable computing intelligence to amplify and speed up human innovation.
