# Hazy

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

- Industry: Software
- Headquarters: London, UK
- Website: www.hazy.com
- Total disclosed funding: $18M
- Latest round: Series A (Jun 22, 2022)
- Investors on record: 20

## About

Hazy Limited, based in the UK, specializes in advanced data anonymization and synthetic data generation solutions, enabling organizations to securely utilize sensitive data while adhering to privacy regulations.Hazy Limited is a data privacy technology firm that was founded in 2017 in London, UK. Co-founded by Adam Pacanovsky and Harry Keen, the company has successfully raised a total of GBP 7.75 million through 7 funding deals. The recent Series A round, completed on June 22, 2022, was led by Conviction and involved notable investors like ACT Venture Partners, Evenlode Investment Management, and Wells Fargo. The company's headquarters is located in London, where it continues to expand its operations and client base.Hazy specializes in providing advanced data anonymization and synthetic data generation solutions designed to help organizations securely leverage sensitive data. Their core offerings focus on creating realistic, high-quality synthetic data that retains the essential characteristics of original datasets without compromising privacy. These solutions are particularly aimed at industries such as finance, healthcare, and technology, where data privacy regulations are stringent, and the need to utilize data for analysis and machine learning is critical. Hazy's products are utilized by a diverse client base, including data scientists, analysts, and business intelligence professionals, primarily in markets across North America and Europe.The revenue model of Hazy is structured around subscription-based services, where clients engage in long-term partnerships for ongoing access to their data anonymization technologies and synthetic data generation capabilities. This includes tiered pricing plans tailored to meet the varying needs of businesses, from small startups to large enterprise-level clients. Typical transactions involve clients subscribing to specific service packages that grant them access to Hazy's platform, allowing for seamless integration with their existing data workflows. The flagship offerings revolve around customized solutions that cater to unique industry requirements, enabling clients to generate synthetic datasets tailored to their operational needs. Revenue is primarily driven by these subscriptions, which provide a steady income stream while facilitating the growth of Hazy's user base and expanding its footprint in both existing and emerging markets.In June 2022, Hazy Limited raised GBP 7.75 million in Series A funding, led by Conviction, to support its expansion plans across the UK, the US, and Europe. The company aims to enhance its product offerings with new solutions aimed at further improving data anonymization and synthetic data generation. The recent funding will be utilized to support these initiatives and will help Hazy establish a stronger presence in targeted markets, with a focus on meeting the evolving needs of clients in various industries.

## Funding rounds

- Series A, Jun 22, 2022, $9.5M — Nationwide Building Society, Wells Fargo, M12, ACT Venture Partners, Neva, Terra VC, UCL Technology Fund, Logo Ventures, Sarus Select Capital, Conviction, Evenlode Investment Management
- Seed, Jan 17, 2020, $6.4M — Albion Capital, Notion Capital, Nationwide Building Society, M12, Pentland Ventures
- Seed, Aug 1, 2018, $1.8M — Amadeus Capital Partners, Albion Capital, Nationwide Building Society, Pentland Group, University College London Business, Artificial Intelligence Seed Fund
- Seed, Oct 11, 2017, $0.5M — Albion Capital, Ascension Ventures, Funding London, Artificial Intelligence Seed Fund

## Investors

- Albion Capital — Seed
- Ascension Ventures (https://capitalatlas.ai/funds/ascension-ventures) — Seed
- Funding London — Seed
- Artificial Intelligence Seed Fund (https://capitalatlas.ai/funds/artificial-intelligence-seed-fund) — Seed
- Amadeus Capital Partners (https://capitalatlas.ai/funds/amadeus-capital-partners) — Seed
- Nationwide Building Society — Seed, Series A
- Pentland Group — Seed
- University College London Business — Seed
- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Seed
- M12 (https://capitalatlas.ai/funds/m12) — Seed, Series A
- Pentland Ventures (https://capitalatlas.ai/funds/pentland-ventures) — Seed
- Wells Fargo — Series A
- ACT Venture Partners (https://capitalatlas.ai/funds/act-venture-partners) — Series A
- Neva (https://capitalatlas.ai/funds/neva) — Series A
- Terra VC — Series A
- UCL Technology Fund (https://capitalatlas.ai/funds/ucl-technology-fund) — Series A
- Logo Ventures (https://capitalatlas.ai/funds/logo-ventures) — Series A
- Sarus Select Capital (https://capitalatlas.ai/funds/sarus-select-capital) — Series A
- Conviction (https://capitalatlas.ai/funds/conviction) — Series A
- Evenlode Investment Management (https://capitalatlas.ai/funds/evenlode-investment-management) — Series A