MOSTLY AI

Overview
News
Digital Privacy Tools?
Machine Learning Infrastructure?
Product stageSegments
Early
?
Privacy-preserving data processing
?

MOSTLY AI is a startup that uses AI to provide a structured synthetic data platform that creates data sets that look original but do not have the original personal data points by automatically learning statistical patterns, structures, and variations from the original data. This helps companies to freely process, analyze, and share anonymous data while being compliant with privacy regulations such as the GDPR, CCPA, and CPRA. MOSTLY AI 2.0 is the first synthetic data platform that automatically synthesizes complex data structures and can be deployed on-premise or in private cloud infrastructures. This also allows organizations to use sensitive data in cloud environments while eliminating data privacy issues. The synthetic data can be used for advanced analytics and AI training, including predictive algorithms, fraud detection, pricing models, and software testing.

The company claims that its synthetic data technology can save larger companies over USD 10 million every year on data provisioning and internal overheads as well as accelerate data availability by 85%. The company reportedly became the first synthetic data provider to achieve an ISO certification in November 2021.

Key customers and partnerships

MOSTLY AI serves several Fortune 100 banks, insurers, and telecommunication companies. As of September 2024, these included Citi, the city of Vienna, Merkur, Telefonica, Merkur, Nvidia, and Erste. 

MOSTLY AI partnered with data and analytics firm Databricks in April 2024 to integrate its synthetic data generation with the latter’s data processing infrastructure, providing customers a seamless solution for handling data at scale.

HQ location:
Hegelgasse 21 Vienna AUT
Founded year:
2017
Employees:
11-50
IPO status:
Private
Total funding:
USD 31.1 mn
Last Funding:
USD 25.0 mn (Series B; Jan 2022)
Last valuation:
-
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Company profile
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