Private AI, a Toronto, Canada-based developer of privacy-preserving machine learning and natural language processing tools, raised $3.15 million in seed funding led by M12 - Microsoft's Venture Fund.
The fund will be used to improve their product offering, expand the team, and accelerate their acquisition of domestic and international customers.
Company: Private AI
Raised: $3.15M
Round: Seed Round
Funding Month: September 2021
Lead Investors: M12 - Microsoft's Venture Fund
Additional Investors:
Company Website: https://www.private-ai.com
Software Category: Privacy protection
About the Company: Private AI was started by Thaine, Pieter Luitjens (CTO), and Professor Gerald Penn (Chief Science Officer). Private AI is developing privacy-preserving machine learning and natural language processing tools. The company envisions a future in which private, secure, and seamless data analysis enhances creative software development. Designed for developers, the company's software can be deployed in any workflow—on-prem, web, or mobile with just a few lines of code, so users can quickly add privacy protection to their data pipelines.
Source: https://www.prnewswire.com/news-releases/private-ai-secures-3-15-million-seed-round-to-streamline-privacy-compliance-for-enterprises-301377343.html