Synthetic Data Startup Mostly AI Raises $5 Million To Help Businesses Fully Anonymize Personal Data & To Finally Stop Putting People Privacy At Risk
Summary
Their core technology fully anonymizes big data without destroying their value while making sure that organizations won’t put their customers’ privacy at risk. But in contrast to classic anonymization approaches the re-identification of customers becomes impossible resulting in as-good-as-real data that is not subject anymore to the rules of GDPR/CCPA. “The additional funding will allow us to significantly accelerate our growth and expand our engineering and sales teams both in Europe and in the U.S.,” says CEO Michael Platzer. “Mostly AI’s synthetic data engine is unique in the market today,” explains Jeb Su, principal analyst at Atherton Research. Their solutions enable organizations across the world and across industries to safely share big data assets, internally as well as externally, while keeping the privacy of their customers fully protected.
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