# Fairgen

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/fairgen

- Industry: Software
- Headquarters: Tel Aviv-Yafo, Israel
- Website: www.fairgen.ai
- Total disclosed funding: $5.5M
- Latest round: Seed (May 9, 2024)
- Investors on record: 4

## About

Founded in 2022 and based in Tel Aviv-Yafo, Israel, Fairgen Ltd. operates as a software development company. The company was founded by its CEO, Samuel Cohen, Benny Schnaider, and COO, Michael Cohen. In May 2024, Fairgen Ltd. raised USD 5.5 million in seed funding led by Maverick Ventures Israel, Tal Ventures, IGNIA Partners, and Creator Fund. The round was part of a larger USD 8 million seed funding.

Fairgen provides generative AI (artificial intelligence) technology that generates accurate AI responses to surveys. The company’s product line includes FairBoost, which is a software platform that helps researchers gain reliable insights from under-sampled groups by generating synthetic respondents; and FairCheck, a tool that helps detect fraudulent survey responses. FairBoost generates synthetic data to improve surveys and leverages machine learning to create realistic data points, allowing researchers to get more accurate results from smaller surveys.

The company plans to use the funds raised in May 2024 to launch its flagship FairBoost solution and move consumer insights into the AI era.

## Funding rounds

- Seed, May 9, 2024, $5.5M — IGNIA Partners, Maverick Ventures Israel, Creator Fund, Tal Ventures

## Investors

- IGNIA Partners (https://capitalatlas.ai/funds/ignia-partners) — Seed
- Maverick Ventures Israel (https://capitalatlas.ai/funds/maverick-ventures-israel) — Seed
- Creator Fund (https://capitalatlas.ai/funds/creator-fund) — Seed
- Tal Ventures (https://capitalatlas.ai/funds/tal-ventures) — Seed