Tech Company Financing Transactions
Private AI Funding Round
Private AI closed a $8 million Series A venture capital round on 11/17/2022. Backers included BDC Venture Capital, Differential Ventures and Forum Ventures.
Transaction Overview
Company Name
Announced On
11/17/2022
Transaction Type
Venture Equity
Amount
$8,000,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to further expand its activities in Europe and across new industry sectors, and invest in product enhancements, developing a new self-service platform and enabling the detection of Personally Identifiable Information "PII" within documents (like pdf and docx) along with generating risk profiles.
Company Information
Company Status
Private & Independent
Industry
Artificial Intelligence
Mailing Address
428 - 192 Spadina Ave
Toronto, Ontario, M5T 2C2
CA
Toronto, Ontario, M5T 2C2
CA
Phone
Undisclosed
Website
Email Address
Overview
Started by privacy and machine learning experts from the University of Toronto, Private AI's mission is to build the privacy layer for software. Our team strives for product perfection, while building a culture imbued with generosity, continuous teaching, learning and feedback, and celebrations of each others' successes. We share a passion for responsible innovation and a mutual bond over our imposed love of pie (only fitting, with a company acronym like "PAI").
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Patricia Thaine
Chief Operating Officer
Paul Burmester
Chief Technical Officer
Pieter Luitjens
VP - Engineering
Kory Fong
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Where The Data Comes From
We report on tech company VC transactions. VC investment data records on this site are sourced from news reports and company announcements. The data is sourced from VentureDeal.com, an affiliated venture.
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