Mindtech’s AI and visual processing platform raises $3.25 million led by NPIF
U.K’s leading end-to-end synthetic data creation platform Mindtech, training AI vision systems, raised $3.25 million led by NPIF – Mercia Equity Finance, for the development of CCTV cameras on synthetic humans and to further accelerate their growth. Deeptech Labs and In-Q-Tel also saw participation.
Founded in 2017, Mindtech focus is to enable complete solutions for anyone who needs intelligent visual processing. The company’s Chameleon platform is designed to help computers understand and predict human interactions using realistic 3D models, getting out of the way the issue of privacy as well as significantly reducing the overall cost of the process.
“Machine learning teams can spend up to 80% of their time sourcing, cleaning and organizing training data. Our Chameleon platform solves the AI training challenge, freeing the industry to focus on higher-value tasks like AI network innovation. This round will enable us to accelerate our growth, enabling a new generation of AI solutions that better understand the way humans interact with each other and the world around them.” Mindtech’s CEO Steve Harris said.
Mindtech has global customers addressing AI applications ranging across retail, the smart home, healthcare, transportation systems and robotics. Chameleon empowers customers to go-to-market with AI vision systems exponentially faster and more accurately than relying on real-world data alone.
Source: TechCrunch “UK’s Mindtech raises $3.25 from In-Q-Tel, among others, to train CCTV cameras on synthetic humans”