Synthesized Ltd, a leading data generation and provisioning platform that gives engineering teams a fast way to create and share production-like test and training data through advanced machine learning and automation, announced announces that UBS Next, the group’s venture and innovation unit, is investing in the next phase of growth.
Synthesized takes a unique, AI-driven, code-centric approach to populating database environments with production-like test data. This method is not only timely, but also essential, as it addresses the growing need for efficient and secure data management in a rapidly changing digital landscape.
Synthesized’s innovative approach enables the creation of high-quality, privacy-preserving data, ensuring better software releases, faster development times, and reduced data privacy risks. Synthesized customers, including leading global banks, financial institutions, insurance companies, healthcare companies and government agencies, benefit from these capabilities to solve their data access and provisioning challenges.
Synthesized enables engineering teams to have:
- Faster development cycles – Completely removes test databases and provisioning delays from the software development lifecycle, leading to faster time-to-market and higher developer productivity.
- Cloud Adoption Strategies – Optimizes cloud spend, reduces data storage costs for non-production environments, and delivers compliant data sets for cloud migration.
- Improved application quality – detects software bugs at an earlier stage, when it is less costly to fix defects, while improving end-user experiences with applications.
- Compliant experimentation and innovation – reduces supplier onboarding time and data approval time for POCs, ensuring 0% risk of production data leakage.
Dr. Nicolai Baldin , Founder and CEO of Synthesized said: “AI-based and more traditional software applications are only as good as the data used to develop and test them. This investment from UBS Next will enable Synthesized to grow and expand our “to further advance our mission of delivering high-quality, privacy-preserving training and testing data for application development, AI/ML and analytics. We are excited to strengthen our partnership with UBS on our mission.”
Dr. Christopher Purves , Co-Head of Group Emerging Technology and Global Head of IB Digital Platforms at UBS, added: “The market opportunity for Synthesized is enormous and growing as companies increasingly rely on data for application development and AI/machine learning initiatives, the need for efficient, secure, and compliant production-like test data becomes paramount. Synthesized differentiates itself by enabling software engineers to deliver high-quality data on demand. It’s as intuitive as writing code and it is a groundbreaking approach within the sector.”
SOURCE: PRNewsWire