September Edition 2022

39 The benefits of using synthetic data include reducing constraints when using sensitive data such as adhering to privacy protection regulations, tailoring the data needs to certain conditions and avoiding bias among race, gender and age. As the metaverse is starting to take shape, and the scope of use of virtual reality and augmented reality to create a 3D virtual world is greater than ever, synthetic data will most certainly play a pivotal role in its development, by enabling interaction with virtual objects, optimization of rendering and introducing photorealistic user avatar representations. A good example of a company which achieved outstanding results using AI to form synthetic data is our client Datagen Technologies Ltd., which recently closed a successful $50 Million Series B financing round, led by incoming investor Scale Ventures, and backed by existing investors Viola Ventures and TLV Partners. Datagen Technologies is a leader in synthetic images and video for computer vision use cases and has launched a self-serve SaaS platform which enables its customers to generate photorealistic labeled datasets based on specific criteria and distributions for the purposes of training machine learning models more efficiently. The recent events in the world have also inevitably led to a drastic increase in the use of online food delivery services and to the flourish of the e-commerce culture,with restaurants andmalls whichwere forced to close their doors to dine-in guests and shoppers for extended periods of time. This resulted in skyrocketing valuations to companies operating delivery platforms for food and merchandise, and which have managed to control increasing consumer demands by offering contactless delivery and electronic payments solutions. We acted as Israeli counsel for DoorDash, Inc., a NYSE-traded company which operates an online food ordering and food delivery platformhaving the largest market share in the United States, made headlines in the field of e-commerce when it announced its plan to acquire 100% of the shares of Helsinki-based technology company Wolt Enterprises Oy, including its dominant Israelibased subsidiary, in a share-swap transaction, reflecting a valuation of $8.1 Billion of Wolt. Lastly, the sectors of agriculture technology, or AgTech as it is commonly referred to, and the food-tech industry, have both seen increased attention as recent events, including Covid-19 which caused a surge in demand for supplies and services, and the turmoil in Eastern Europe, have led to a nearly-unprecedented shortage in energy resources and basic food products.Startups in these fields areworking towards turning the agriculture and food industries into more modern and efficient sectors in all their stages, by improving yield and profitability, with the

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