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SynthBee, started by Magic Leap founder Rony Abovitz, has raised $20 million in funding to create a new kind of “computing intelligence.”
The company is based in Fort Lauderdale, Florida, the same place where Magic Leap grew up with the promise of mixed reality computing. The money is aimed at helping the company expand and build out the team around its proprietary computing intelligence platform.
Crosspoint Capital Partners (Crosspoint Capital) led the round.
“Crosspoint is excited to partner with SynthBee and back a multi-successful entrepreneur,” said Andre Fuetsch, managing director at Crosspoint Capital, in a statement. “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 previously started Mako Surgical (acquired by Stryker Corp. for $1.65 billion), and Magic Leap (a pioneer in spatial computing). Mako’s intelligent computing systems successfully evolved the complex surgical environment and positively impacted the lives of millions of patients.
SynthBee aims to apply its novel computing intelligence platform to safely accelerate human innovation across a wide array of industries.
“The SynthBee team is excited to partner with Andre and Crosspoint Capital to build out our novel computing intelligence platform,” said Abovitz, CEO of SynthBee, in a statement. “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 said it is building safe, scalable, and reliable computing intelligence to amplify and accelerate human innovation.
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