Parallel Domain announced today that they have raised a $11 million Series A funding round led by Foundry Group.
With offices in Palo Alto and Vancouver, Parallel Domain is the leading synthetic data generation platform. Through a suite of APIs and software tools, Parallel Domain is revolutionizing computer vision development, especially in autonomous systems.
Parallel Domain’s synthetic data generation platform is used by some of the world’s top AI companies, auto manufacturers, and delivery companies.
Data that was once time-consuming, expensive, and dangerous to collect and label is now at the developer’s fingertips. Parallel Domain’s technology is faster, produces smarter AI, and offers better economics, all without requiring developers to leave their desks. Customers utilize a suite of APIs and developer tools to generate sensor data at a level of detail and realism that surpasses any industry alternatives.
Adrien Gaidon, a machine learning lead from Toyota Research Institute explains “Synthetic data is key to making cars and robots smarter. Thanks to its high degree of realism and flexibility, the Parallel Domain platform enables rapid exploration of cutting-edge Machine Learning ideas. Furthermore, its cost effectiveness enables accelerated paths to transfer and deployments at scale. This combination — flexibility, realism, and scalability — makes the Parallel Domain platform really unique and a huge advantage for us to develop the future of robot autonomy.”
Composed of veterans from the world’s top graphics and AI companies such as Apple, Pixar, Magic Leap, Microsoft, and Amazon, Parallel Domain is hiring engineers and more in Vancouver.