DataGen’s Not Closing, Pivoting for the Way forward for Generative AI

Opposite to the uncorroborated protection by Israeli media retailers earlier this week of Israeli artificial information startup, DataGen, the startup just isn’t on the point of closure. It’s nonetheless present process a strategic pivot of their core technique in gentle of the technological shifts underway by the Generative AI media creation panorama.

In a dialog with StartupHub.ai, CTO Gil Elbaz defined that the startup is in reality very properly capitalized and easily restructuring their trajectory to supply a aggressive providing towards the backdrop of the text-to-image and even text-to-video media asset creation sphere (like that of Midjourney and Dall-E). The startup continues to function with a devoted workforce of over 20 workers.

Elbaz penned his ideas minutes in the past in a Linkedin submit:

Elbaz is stepping down from his function as CTO.

In March 2022, DataGen raised a $50 million Collection B funding spherical led by Scale Enterprise Companions. Their traders embody TLV Companions, Viola Ventures, Spider Capital and Operator Companions. The startup was based in 2018 by Ofir Chakon and Elbaz.

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