Funding will power ‘synthetic data’ usage in enterprises
IN BREIF:
- New funding round will fuel expansion in the UK, US, and Europe
- Hazy’s AI-generated data preserves the statistical quality of the actual data, but contains no real information and therefore eliminates the privacy risk
- T The investment is led by Conviction, with participation from UCL Technology Fund, M12 (Microsoft), Wells Fargo, Nationwide Building Society, ACT Venture Partners, Terra VC, Evenlode, Logo Ventures, Sarus Ventures and Neva SGR
What does this mean?
“The response from businesses to the capabilities of synthetic data has been huge,” said co-founder and CEO Harry Keen. “Enabling our customers to access and actually use their data unlocks real commercial value. Hazy has been working in the generative AI field since our inception in 2017 and we are excited to see where the space goes.
