Private AI
Latest round
- Series A
Last raised
- Nov 2022
Total raised
- $11M
Investors
- 9
About Private AI
Based in Canada, Private AI Inc.Private AI Inc. was founded in Toronto, Canada in 2017 by Patricia Thaine and Pieter Luitjens.Private AI is a technology firm specializing in the detection, anonymization, and replacement of personally identifiable information (PII) through its core product offerings, notably PrivateGPT. This solution leverages advanced de-identification technology to accurately identify and redact over 50 different types of PII in real-time, significantly reducing the error rate compared to alternative solutions. PrivateGPT supports deployment in both on-premises and cloud environments, accommodating a range of file types, including text, PDFs, images, and audio. The company caters to a diverse client base spanning various sectors, including banking, insurance, and healthcare, and ensures compliance with global privacy regulations such as GDPR, HIPAA, and CPRA.Private AI's revenue model is primarily structured around subscription-based services for its core offerings, including PrivateGPT and its associated de-identification solutions. Enterprises purchase licenses to utilize these products in their operations, ensuring that sensitive customer data is managed securely and in compliance with regulatory standards. Revenue is generated through direct engagements with organizations, which may include partnerships and enterprise contracts. Pricing structures are tailored to the specific needs of businesses and reflect the scale of implementation within the client's existing infrastructure.In November 2022, Private AI Inc. The objective is to develop new products and broaden market reach by targeting specific regions, with strategic efforts aimed at strengthening its presence in areas increasingly focused on data privacy and compliance.
Who invested in Private AI
9 investors across 2 rounds
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Questions about Private AI
Who invested in Private AI?
Private AI has 9 investors on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Private AI raised?
Private AI has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Private AI last raise money?
Private AI's most recent round on record is a Series A, in Nov 2022.
What does Private AI do?
Based in Canada, Private AI Inc.
Where is Private AI headquartered?
Private AI is headquartered in Toronto, Canada.
Which VCs invest in companies like Private AI?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Private AI's stage. Their profiles are linked below.
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