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Protopia Ai Closes $6M Seed Round To Expand Access To Real Data Needed To Power Ai For Enterprises

Dec 06, 2022•about 3 years ago

Amount Raised

$6 Million

Round Type

seed

AustinMachine LearningArtificial Intelligence

Investors

Dnx VenturesSilverton PartnersAtx Venture Partners

Description

Protopia AI, a company that helps enterprises fully leverage their AI data, today announced its $6 million seed funding round led by ATX Venture Partners. Protopia AI solves a significant problem in the space: the inability of enterprises to access key data needed for their artificial intelligence models because of data protection policies. An AI Gartner report on CEOs found that the top barrier to AI implementation is data accessibility, making it difficult for enterprises to deploy AI initiatives.

Company Information

Company

Protopia AI

Location

Austin, Texas, United States

About

Through data confidentiality and data minimization we accelerate AI deployments and enable customers to focus on ML that brings value to their businesses while worrying less about data sharing and privacy restrictions. This also minimizes exposure of sensitive data in the face of machine/network compromise/ransomware. Additionally, our solutions minimize unintended inferences and enable the customer to maximize ownership of their data.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers