Protopia AI, an Austin, TX-based company that helps enterprises leverage their AI data, raised $6M in Seed funding.
The round was led by ATX Venture Partners with participation from Galaxy Interactive, Silverton Partners and DNX Ventures.
The company intends to use the funds to further build out engineering teams, expand its go-to-market efforts, as well as advance its product features.
Led by CEO and Founder Eiman Ebrahimi, Protopia AI provides a patented data-type agnostic solution that enables its customers to use AI and machine learning to extract insights from their actual data without exposing sensitive information in identifiable form. Its Stained Glass Transform™ solution adds a new layer of protection against leakage of sensitive information for any data type — visual, text or tabular –– and can be applied throughout the ML lifecycle: training and inference. The core technology is based on inventions by Professor Hadi Esmaeilzadeh, endowed chair of computer architecture at the University of California San Diego, who is also Protopia AI’s co-founder and chief technology officer. The company is currently beta-testing its product across industries where data sensitivity causes the most operational slowdowns, including financial services, government and health care. Protopia AI also provides a demo anyone can try out.
The company has raised a total of $8M, which includes an initial $2M pre-seed round. All existing investors extended their commitment by participating in the new round.
FinSMEs
06/12/2022