Statice provides data anonymization solutions that allow companies to process sensitive data securely while minimizing privacy risks. Statice’s platform uses artificial intelligence to analyze raw data, train its model, and generate synthetic data with similar characteristics to the original data that retains the same data utility and can be used in applications such as business intelligence, product development and collaboration, while remaining compliant with privacy regulations such as GDPR and CCPA.
In March 2021, the Berlin-based company announced that PriceWaterhouseCooper had obtained a significant minority stake in Statice for an undisclosed amount. The company will use the investment proceeds and PwC’s enterprise expertise to accelerate product development and sales.
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