Anon AI, a London, UK-based data anonymization developer, raised a £340k pre-seed funding round.
Backers included The UCL Technology Fund (managed by Albion Capital in collaboration with UCL Business), the London Co-InvestmentFund (LCIF), AI Seed and Ascension Ventures.
The company intends to use the funds to enhance their prototype model and build a developer tool, in partnership with the UCL community.
Led by Harry Keen (CEO) and James Arthur (CTO), Anon AI is developing software to automate data anonymization and allow developers and data scientists to share data securely. The protection of personal data is a big concern for companies and the pressure to maintain data security will intensify when the General Data Protection Regulation (GDPR) comes into force in May 2018.
The company will work with UCL to advance its machine learning techniques and engage with public policy as GDPR goes live. Dr Fintan Nagle, a machine learning scientist in UCL’s Department of Cognitive, Perceptual and Brain Sciences, will work with Anon AI to enhance the neuro-linguistic programming capabilities of its software.