Gretel.ai offers a Software-as-a-Service (SaaS) platform that enables organizations to evaluate their existing datasets to identify personally identifiable information (PII) and create synthesized data that match the characteristics of the original data. The platform also allows for anonymization of data and provides encryption features to enable secure sharing between teams and organizations in order to ensure the privacy of the underlying data.
Gretel.ai employs 20 full-time staff and expects to hire 50–75 more employees, which includes engineers, researchers, marketers, product managers, developer advocates, and sales personnel by the end of 2022. Gretel’s platform is still in beta and none of its early customers are being charged. The company is hopeful that these customers will transition into paying ones once its product reaches general availability early next year.
In October 2021, the company raised USD 50 million in a Series B funding round led by Anthos Capital. The company expects to use the funds to advance the AI capabilities of its platform and expand into new customer use cases across life sciences, financial, gaming, and technology industries.
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