Madrid-based ANYVERSE, a ‘synthetic data’ startup effectively spun out of 22-year old technology company Next Limit, has announced that it has raised its first round of funding.

The financing round, totalling €3 million, was led by a duo of Spanish deep tech investment firms, Bullnet Capital and Inveready.

The fresh cash will allow ANYVERSE to “shorten the production cycle in advanced perception systems for robotics, autonomous vehicles, UAVs, and smart cameras,” the fledgling company said in a statement.

ANYVERSE’s technology banks on ‘photometric-accurate’ light simulations to transmit data for companies to train and test machine learning models, complementing real-world footage and providing them with a high level of control over sensor specs, scenario dynamics, and variability (which can cloud more traditional data capturing methods quite a lot).

You can check out a number of use cases here.

Javier Ulecia and Miguel del Cañizo, the founding partners of ANYVERSE backer Bullnet Capital, said: “Advanced technology can change the world just by finding the missing piece. ANYVERSE’s approach to synthetic data is one step ahead and closer to solving the data issue in machine perception.”

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