Its data sets “look just as real as a company’s original customer data with just as many details, but without the original personal data points,” the company says. Talking to TechCrunch, MOSTLY AI CEO Tobias Hann said that the company plans to use the proceeds to push the boundaries of what its product can do, grow its team, and gain more customers both in Europe and in the U.S., where it already has offices in New York City. Talking to Hann, one thing becomes clear: While the startup has a solid technical footing, it is equally invested in the commercialization of its technology and in the business value it can add for its clients. “These companies understand that they can also gain a competitive advantage when dealing and working with data in a privacy-preserving way. “MOSTLY AI 2.0 can be implemented on premise or in a private cloud, and adapts to different data structures of the company using it,” the company wrote at the time. Both in its Series A and B rounds, the company seeked investors who understood that approach. Synthetic data is fake data, but not random: MOSTLY AI uses artificial intelligence to achieve a high degree of fidelity to its clients’ databases. MOSTLY AI was founded in Vienna in 2017, and the General Data Protection Regulation (GDPR) was implemented across the EU one year later. Wth $25 million in new funding and an increased U.S. presence, MOSTLY AI will now have more resources to compete against other companies in its segment of the synthetic data space.