GSD Venture Studios (GSDVS) travels the world looking for resilient entrepreneurs. Occasionally, we work with companies originating in countries outside the United States.
Prior to working with any company, we do extensive research and background reviews to confirm that such company has not been restricted from conducting business internationally, with such restrictions, including, but not limited to, sanctions imposed on it by any European Union or United States institutions.
In 2019, after conducting our internal research on Synesis which revealed relationships with certain U.S. Fortune 500 companies and lack of any internationally imposed restrictions on the company, GSDVS started partnering with Synesis. One of the reasons for our engagement was our belief that Synesis had some of the best AI engineers in the world with strong ethics.
In late 2020, the Council of the European Union imposed sanctions on Synesis. As of December 21, 2020, GSDVS is no longer involved with Synesis. Recently, Synesis has offered on its website the following response to the E.U.’s actions against it.
GSDVS offers no comment during the pendency of the Council of the European Union’s proceedings involving Synesis.