MOSTLY AI builds AI-driven synthetic data that reproduces the look and statistical detail of customers’ original tabular databases without using real personal data. Its platform targets highly regulated enterprise customers — notably Fortune 100 banks, insurers and telcos — and supports use cases such as advanced analytics, fraud detection, pricing models and software testing. The company offers MOSTLY AI 2.0, which can be deployed on premise or in a private cloud and adapts to different data structures, and has obtained ISO certifications to meet enterprise requirements. MOSTLY AI is expanding beyond large enterprises toward smaller organizations and additional sectors, and is beginning pilot projects in healthcare. It has offices in New York City and plans to grow its U.S. presence while increasing headcount from 35 to 65 by year-end. The company cites regulatory drivers such as GDPR and demand for responsible AI (fairness, explainability) as tailwinds for synthetic data adoption. Mostly AI offers a Synthetic Data Engine that uses artificial intelligence and privacy rules to automatically generate fully anonymous data based on a company’s existing customer data while preserving its information value. The platform is aimed at enabling privacy-friendly AI and big data innovation without exposing personal data. Current customers include one of the U.S.’ Top 5 insurance companies, global telecom operator Telefónica, and several European financial institutions such as Erste Group Bank. The company is led by CEO Michael Platzer and was founded in 2017. The additional funding is intended to accelerate growth and support expansion of engineering and sales teams in Europe and the U.S. The article does not disclose revenue or other operating metrics.

Total raised

$30M

Funding rounds

2

Latest round

Series B

Latest activity

Jan 2022