Today, SynthBee, Inc., Rony Abovitz’s new firm based in Ft. Lauderdale, announced the successful completion of a $20 million early fundraising round. The goal of the investment, spearheaded by Crosspoint Capital Partners, is to help the business expand and advance its in-house computer intelligence platform.
Abovitz, the founder, has a track record of success as a digital entrepreneur. While protecting intellectual property and expertise, SynthBee will prioritize enterprise productivity with a focus on security, transparency, and scalability. Most famously, Abovitz founded Magic Leap, a pioneer in spatial computing, and MAKO Surgical, which Stryker purchased for $1.65 billion. SynthBee’s platform uses computational intelligence to safely and effectively accelerate innovation while enhancing human creativity and problem-solving across sectors.
“SynthBee has the potential to completely transform how businesses innovate,” stated Andre Fuetsch, Managing Director at Crosspoint Capital. “Rony Abovitz’s vision for SynthBee will improve creative and problem-solving abilities, thereby elevating human potential and outcomes.”
In a market where there is concern about the moral use and management of massive artificial intelligence, SynthBee presents itself as a remedy. Abovitz underlined that the company’s goal is to provide a more democratic computational framework for the developer and enterprise communities by resolving the ethical and architectural problems that are common in existing AI systems.
SynthBee is growing its workforce and already has a number of Fortune 500 firms as clients thanks to this new round of funding. In order to fulfill its purpose, the organization is constantly seeking for top tech talent.