NEW YORK - TelAve -- AI.Reverie, the leader in synthetic data for improved artificial intelligence, today announced that it has been awarded a $1.5 million Phase 2 Small Business Innovation Research (SBIR) contract by AFWERX to build AI algorithms and improve navigation capabilities for the United States Air Force.

AI.Reverie will be supporting the 7th Bomb Wing at Dyess Air Force Base through their Rapid Capabilities office by leveraging synthetic data to train and improve the accuracy of vision algorithms for navigation. The use of synthetic data, or computer-generated images, solves the resource barriers associated with real data: the high cost and slow turnaround of hand-labeled photos stalls deployment of vision algorithms needed to save lives.

"We are delighted to be awarded this Phase 2 SBIR contract and look forward to partnering with the U.S. Air Force's 7th Bomb Wing on this project," said Daeil Kim, CEO and Co-founder of AI.Reverie. "Our goal is to equip soldiers to successfully navigate any situation, and we are proud to contribute to the United States military's mission to protect our country."

More on TelAve News

• Market Leaders in Molluscicides Market
• Avoiding the 17a-4 Quagmire - AdvisorVault's Guide for Small FINRA Firms
• Eric Bopp Announces He's Running for Judge
• ITSMA Announces Finalists for the 2020 Marketing Excellence Awards
• Growing Demand for Guar Gum in the Oil & Gas Industry Drives Guar Gum Market

"As the world has gotten smaller, the ability to navigate based on visual terrain features has become an ever increasing challenge. Computer vision algorithms can be trained to recognize these world-wide terrain features by ingesting large amounts of diverse data," said Anthony Bunker, Maj, USAF. "We are excited to collaborate with AI.Reverie to improve navigation capabilities given the company's ability to generate fully annotated data at scale with its synthetic data platform."

AI.Reverie's Phase 2 SBIR contract closely follows its co-publication with the IQT Lab CosmiQ Works of a paper highlighting the value of synthetic data to train computer vision algorithms. The research partners also released RarePlanes, the largest open dataset of real and synthetic overhead imagery for academic and commercial use.

About AI.Reverie

AI.Reverie is a simulation platform that trains AI to understand the world. It offers a suite of synthetic data and vision APIs to help businesses across different industries train their machine learning algorithms and improve their AI applications, along with benchmarking services to measure the impact.

More on TelAve News

• Tom Urquhart, Ph.D., joins IOTech Systems as SVP of Professional Services
• CEO Coaching International Client, StoneAge Inc., Acquires Breadware, A Leader in Industrial IOT Product Development
• Sweden Diabetes Market, By CGM, SMBG, Insulin Pen & Pump, Companies
• Respiratory Care Devices Market is US$ 30.5 Billion by 2025 | Renub Research
• Ideanomics Announces Q2 2020 Earnings - TESLA Model 3 Proof of Concept

About AFWERX

AFWERX is an innovation arm of the U.S. Air Force established in 2017. Its focus is to provide non-traditional innovators the opportunity to solve challenges and increase effectiveness within the Air Force. AFWERX has partnered with the U.S. Air Force SBIR with a start-up approach. They have accelerated timelines and processes to quickly scale innovation within the DoD.