Private AI

Overview
News
Digital Privacy Tools?
Product stageSegments
Go-to-Market
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Privacy-preserving data processing
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Private AI uses natural language processing (NLP) to automatically identify and redact personally identifiable information (PII) such as name, age, address, and blood type, to protect sensitive data, in line with privacy regulations such as the GDPR, without the use of 3rd party cloud providers or new infrastructure. The company’s solution integrates with clients’ existing workflows and infrastructure—on-premises, web, or mobile, using only three lines of code. Private AI’s NLP model de-identifies over 30 different categories of PII in 7 languages.

In May 2023, Private AI launched “PrivateGPT”, a privacy protection solution for LLM powered AI chatbots, including OpenAI’s ChatGPT, based on the company’s NLP de-identification technology. PrivateGPT acts as a privacy “layer” between the user and chatbot, and redacts over 50 types of PII from a user’s prompt before submitting the query to the AI.

Key Customers and Partners 

Private AI saw a sixfold increase in revenue since January 2021 and reports that it serves companies ranging from startups to multi-billion-dollar enterprises. The company’s customers as of September 2024 included RBC, BDC, Forethought, Got It AI, Holmusk, Indico Data, Inbenta, Innovate Cities, Data.world, Actineo, Genesys, and Autumn.

The company partnered with Replica Analytics in May 2023 to develop a solution to enable healthcare providers to use patient data for analytics and insights while maintaining privacy.

HQ location:
428-192 Spadina Ave. #428 Toronto ON CAN
Founded year:
2019
Employees:
11-50
IPO status:
Private
Total funding:
USD 11.5 mn
Last Funding:
USD 8.0 mn (Series A; Nov 2022)
Last valuation:
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