Rony Abovitz’s new Ft. Lauderdale-based startup, SynthBee, Inc. announced the successful closure of a $20 million seed funding earlier this month. The investment, led by Crosspoint Capital Partners, is intended to support the company’s growth and further development of its proprietary computing intelligence platform.
Founder Abovitz has a proven history as a tech entrepreneur. SynthBee will focus on enterprise productivity with an emphasis on security, transparency, and scalability, while preserving intellectual property and know-how. Abovitz is best known for founding MAKO Surgical, which was acquired by Stryker for $1.65 billion, and Magic Leap, a leader in spatial computing. SynthBee’s platform seeks to enhance human creativity and problem-solving across industries, leveraging computing intelligence to accelerate innovation safely and efficiently.
“SynthBee is poised to revolutionize the way enterprises innovate,” said Andre Fuetsch, Managing Director at Crosspoint Capital. “Rony Abovitz’s vision for SynthBee will elevate human potential and outcomes by enhancing creative and problem-solving capabilities.”
In a market where the ethical use and governance of large-scale artificial intelligence are under scrutiny, SynthBee positions itself as a solution to these challenges. Abovitz emphasized that the company is focused on overcoming the architectural and ethical issues prevalent in current AI systems, aiming to create a more democratic computational framework for enterprise and developer communities.
With this fresh injection of capital, SynthBee is expanding its team and already counts several Fortune 500 companies as clients. The company is actively recruiting top talent in technology to further its mission.
[Disclosure: The writer of this story, Charlie Fink, has a close personal relationship wtih the subject, Rony Abovitz, who is his “This Week in XR” co-host.]
Charlie Fink is the author of the AR-enabled books “Metaverse,” (2017) and “Convergence” (2019). In the early 90s, Fink was EVP & COO of VR pioneer Virtual World Entertainment. He teaches at Chapman University in Orange, CA. Follow him on Twitter or LinkedIn, and check out his website or other work.
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