Datagen was founded in 2018 by Israeli
Technion graduates Ofir Chakon and Gil Elbaz. The Datagen platform is used to generate synthetic data used in
computer vision AI while rendering the production of 2D and 3D imagery, by other means, for the purpose of training AI models, obsolete. The company claims it can reduce the time needed to create AI training data from days to a few hours. Datagen states that this will result in better-trained and more useful AI systems. In 2021, the company recruited new executives from several other tech corporations: Tal Darom (a past senior executive at
Amazon in Israel), Jonathan Laserson, Karin Regev, and Hadas Scheinfeld (a former executive at
Google). In 2022, the company announced that it raised $50 million in a Series B funding round. In 2024, the company announced that it has decided to close down the business even though 20 million dollars remained in the bank. == References ==