Protopia AI Closes $6 Million in Seed Round
Protopia AI, an Austin, Texas-based business that aids businesses in maximizing the use of their AI data, recently announced that it has closed $6 million in seed investment. Eight million dollars have been raised for Protopia in total, including a $2 million pre-seed round.
Galaxy Interactive, Silverton Partners, DNX Ventures, and all previous investors joined the round, which was headed by ATX Venture Partners.
The money will go toward developing the product’s engineering teams. The business is now beta-testing its solution in the financial services, government, and healthcare sectors, where data sensitivity causes the most operational delays.
A big issue in the market is addressed by Protopia AI: businesses’ inability to access crucial data required for their artificial intelligence models as a result of data privacy laws. With a cutting-edge privacy-enhancing layer that makes sure raw sensitive data is never exposed to AI while yet providing the AI with all it needs, Protopia AI lets organizations maximize value from their actual data using AI/ML.
The business was recently recognized for being a low-overhead, software-only solution to data protection for both inference and model training by being declared a Gartner® Cool Vendor in AI Governance and Responsible AI. At the forthcoming annual AI Summit in New York City, the CEO of Protopia AI and Q2’s chief data scientist teams will be talking about their solution with data and AI professionals.