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Synapse Technology

Synapse Technology

Synapse Technology is an artificial intelligence company making deep learning and computer vision systems for field analysis related to security and defense at security checkpoints.

Overview

Synapse Technology is an artificial intelligence company making deep learning and computer vision systems for field analysis related to security and defense at security checkpoints that is headquartered in Palo Alto, California and was founded in 2016 by Bruno B. Ferrari Faviero, Ian Cinnamon, and Simanta Gautam. The Synapse Technology threat detection platform, Syntech ONE, has received the DHS Safety Act DT&E Designation.

The company uses x-ray imaging systems to develop their threat recognition deep learning algorithms for automatically detecting prohibited items such as guns, knives, ammunition, lighters, and other items. Their algorithms are capable of generalizing object detection to identify possible prohibited items that have never been seen by the system before but resemble other items of interest.

A pilot program by Synapse Technology at Tokyo's Narita airport the company's Syntech ONE threat detection platform was able to identify 14% more prohibited items passing through the airport compared to the airports previous security practices.

Acquired by Palantir Technologies

In May 2020 Synapse Technology was acquired by Palantir Technologies.

Funding
Pre-seed

On December 19, 2016 Synapse Technology announced raising an undisclosed amount of pre-seed funding from Ignite Advisors.

Seed

On January 1, 2017 Synapse Technology announced raising an undisclosed amount of seed funding from Eric Del Balso.

Seed II

On April 17, 2017 Synapse Technology announced raising an undisclosed amount of seed funding from Trevor Wright.

Seed III

On August 27, 2017 Synapse Technology announced raising $2.5 million in seed funding from Scout Ventures.

Seed IV

On June 1, 2018 Synapse Technology announced raising an undisclosed amount of seed funding from Xfund, Responder Ventures, and Kohola Ventures.

Seed V

On July 17, 2018 Synapse Technology announced raising another undisclosed seed round from Trevor Wright.

Series A

On January 3, 2019 Synapse Technology announced raising $6 million in series A funding from Village Global, Founders Fund, and 8VC. At the time of receiving their $6 million in seed funding the company had scanned over 5 million bags at security checkpoints in government buildings, schools, and other buildings.

Timeline

January 2019
Synapse Technology raises a $6,000,000 series A round from 8VC, Founders Fund and Village Global.
August 27, 2017
Synapse Technology raises a $2,500,000 seed round from Scout Ventures.

Funding Rounds

SBIR/STTR Awards

Patents

Further Resources

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References

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