About Private AI
Private AI is a company based in Toronto (Canada) founded in 2019 by Gerald Penn, Patricia Thaine, and Pieter Luitjens.. Private AI has raised $11.15 million across 2 funding rounds from investors including BDC, GIT1K and Panda Capital. Private AI offers products and services including PrivateGPT, Text De-Identification, and File De-Identification. Private AI operates in a competitive market with competitors including Informatica, Seclore, Alloy, Intralinks and Nexla, among others.
- Headquarter Toronto, Canada
- Founders Gerald Penn, Patricia Thaine, Pieter Luitjens
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$11.15 M (USD)
in 2 rounds
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Latest Funding Round
$8 M (USD), Series A
Nov 17, 2022
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Investors
BDC
& 7 more
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Employee Count
Employee Count
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Products & Services of Private AI
Private AI offers a comprehensive portfolio of products and services, including PrivateGPT, Text De-Identification, and File De-Identification. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Enables safe use of large language models by redacting PII
Identifies and anonymizes personal information in text data
Redacts PII from PDFs, images, and audio files
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Funding Insights of Private AI
Private AI has successfully raised a total of $11.15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $8 million completed in November 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $8.0M
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First Round
First Round
(15 Sep 2021)
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2022 | Amount | Series A - Private AI | Valuation | BDC | |
| Sep, 2021 | Amount | Seed - Private AI | Valuation | M12 , Forum Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Private AI
Private AI has secured backing from 8 investors, including institutional and venture fund investors. Prominent investors backing the company include BDC, GIT1K and Panda Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Panda Capital is engaged in venture capital investments for technology and innovation.
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups are facilitated by M12.
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Founded Year | Domain | Location | |
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Early-stage investments are provided in data-driven B2B tech companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Private AI
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Private AI
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Private Ai Comparisons
Competitors of Private AI
Private AI operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Informatica, Seclore, Alloy, Intralinks and Nexla, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud based enterprise data preparation and management platform
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| domain | founded_year | HQ Location |
Enterprise data security software is provided for digital asset protection.
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| domain | founded_year | HQ Location |
Identity decisioning platform is provided for banks and fintech firms.
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| domain | founded_year | HQ Location |
Secure inter-enterprise file sharing and collaboration are enabled.
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| domain | founded_year | HQ Location |
An AI-powered platform for data integration and management is developed.
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| domain | founded_year | HQ Location |
AI-based identity verification and fraud detection are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Private Ai
Frequently Asked Questions about Private AI
When was Private AI founded?
Private AI was founded in 2019 and raised its 1st funding round 2 years after it was founded.
Where is Private AI located?
Private AI is headquartered in Toronto, Canada. It is registered at Toronto, Ontario, Canada.
Who is the current CEO of Private AI?
Patricia Thaine is the current CEO of Private AI. They have also founded this company.
Is Private AI a funded company?
Private AI is a funded company, having raised a total of $11.15M across 2 funding rounds to date. The company's 1st funding round was a Seed of $3.15M, raised on Sep 15, 2021.
What does Private AI do?
Private AI was founded in 2019 in Toronto, Canada, and operates in the AI privacy sector. A platform is offered that identifies, anonymizes, and replaces personally identifiable information across text, PDFs, images, and audio files. Services extend to large language models, APIs, automatic speech recognition, and related technologies, supporting secure data processing for various applications.
Who are the top competitors of Private AI?
What products or services does Private AI offer?
Private AI offers PrivateGPT, Text De-Identification, and File De-Identification.
Who are Private AI's investors?
Private AI has 8 investors. Key investors include BDC, GIT1K, Panda Capital, M12, and Differential Ventures.
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