Transactions | 22.01.2024

MFW Fiałek and Orrick advised Cogito Capital Partners on investment in SKY ENGINE AI, a London-based vendor of Generative AI Synthetic Data Cloud platform for deep learning in vision AI

MFW Fiałek and Orrick, Herrington & Sutcliffe LLP advised Cogito Capital Partners, the lead investor in a Series A investment round of UK company Sky Engine Limited and its Polish subsidiary Sky Engine Sp. z o.o.

Parties of the transaction

SKY ENGINE AI is a simulation and deep learning platform that generates fully annotated, multimodal, synthetic data, provides advanced domain adaptation methods and trains AI computer vision algorithms at scale. It is a tool for data scientists, ML/software engineers creating computer vision projects in any industry. SKY ENGINE AI’s technology enables production of smarter and more accurate AI models, and offers improved project economics, all without requiring developers to leave their desks to gather relevant data, especially for edge cases. By 2024, Gartner predicts 60% of data used for these projects will be synthetic – rising to 95% by 2030.

Cogito Capital Partners is a venture capital firm based in Warsaw, Poland and New York, USA. Cogito invests in later stage European deep-tech B2B companies (“scale-ups”) with global expansion potential, operating in three key sectors: enterprise software/data analytics, fintech & healthtech.