Private AI - About the company
Private AI is a series A company based in Toronto (Canada), founded in 2019 by Gerald Penn. It operates as a Developer of PII identification, de-identification, and data anonymization software. Private AI has raised $11.3M in funding from investors like BDC, Forum Ventures and M12. The company has 57 active competitors, including 17 funded and 8 that have exited. Its top competitors include companies like Seclore, NICE Actimize and Intralinks.
Company Details
Developer of PII identification, de-identification, and data anonymization software. The company provides tools for identifying and redacting personally identifiable information from various data types. Its technology supports on-premise and cloud deployments. The company's solutions help organizations comply with privacy regulations.
- Website
- private-ai.com
- Social
- Email ID
- *****@private-ai.com
- Registered Address
- 2415-18 Holmes Avenue, Toronto
Key Metrics
Founded Year
2019
Location
Toronto, Canada
Stage
Series A
Total Funding
$11.3M in 3 rounds
Latest Funding Round
Ranked
14th among 57 active competitors
Employee Count
149 as on May 31, 2026
Legal entities associated with Private AI
Private AI is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
Private Ai Inc. CIN: 10246352 , Canada, Active | May 23, 2017 | - | - | - |
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Private AI's funding and investors
Private AI has raised a total funding of $11.3M over 3 rounds. Its latest funding round was a Series A round on Nov 17, 2022 for $*****. 7 investors participated in its latest round. Private AI has 12 institutional investors.
Here is the list of recent funding rounds of Private AI:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Nov 17, 2022 | 2321966 | Series A | 1383065 | 3335352 | 8698491 | 4065499 |
Sep 15, 2021 | 1134568 | Seed | 7211213 | 1964789 |
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Private AI's founders and board of directors
Founder? Claim ProfileThe founders of Private AI is Gerald Penn.
Here are the details of Private AI's key team members:
- Gerald Penn: Former Co-Founder of Private AI.
Private AI's Board of Directors
Private AI's board has 3 active members. Umair Akeel, Steven Abrams and Patricia Araujo Thaine are independent board members.Here is the list of Private AI's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Independent board member | - | Current | 3y 4m | |
niseqsv | Independent board member | - | Current | 7y 5m |
epxmttd | Independent board member | - | Current | 4y 9m |
View details of Private AI's Founder profiles and Board Members
Private AI's employee count trend
Private AI has 149 employees as of May 26. Here is Private AI's employee count trend over the years:
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Private AI's Competitors and alternates
Top competitors of Private AI include Seclore, NICE Actimize and Intralinks. Here is the list of Top 10 competitors of Private AI, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of data-centric security software for preventing data theft and compliance | $51.8M | 77/100 | ||
2nd | NICE Actimize 1999, Hoboken (United States), Acquired | Provider of AI-driven anti-money laundering and fraud detection solutions | $24M | 70/100 | |
3rd |  Intralinks 1996, New York City (United States), Acquired | Provider of virtual data room solutions for dealmaking and compliance | $131M | 69/100 | |
4th |  Feedzai 2011, San Mateo (United States), Series E | Provider of an AI-native platform for fraud and financial crime prevention | $347M | 66/100 | |
5th | Quantexa 2016, London (United Kingdom), Series F | Developer of decision intelligence software for data analysis and management | $545M | 63/100 | |
6th | Provider of online identity verification services for KYC, KYB, and AML | $477M | 64/100 | ||
7th | AuthBridge 2005, Gurugram (India), Series B | Provider of identity verification, employee screening, and due diligence platform | $11.2M | 64/100 | |
8th |  Troj Company 2019, Saint John (Canada), Acquired | Provider of a platform securing artificial intelligence models and applications | $11.4M | 62/100 | |
9th | AI powered data management platform for BFSI industry | $14M | 62/100 | ||
10th |  Owl Technologies 2018, Vancouver (Canada), Series B | KYC solutions for banks and insurance companies | $40M | 56/100 | |
14th |  Private AI 2019, Toronto (Canada), Series A | Developer of PII identification, de-identification, and data anonymization software | $11.3M | 49/100 |
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Private AI's Investments and acquisitions
Private AI has made no investments or acquisitions yet.
Reports related to Private AI
Here is the latest report on Private AI's sector:
News related to Private AI
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Private AI and Replica Analytics announce partnership to advance privacyPR Newswire•May 26, 2023•Private AI, Replica Analytics
•
•
Private AI secures $8M USD in funding to expand their "Privacy Layer for Software"CNW•Nov 17, 2022•Private AI, BDC, GIT1K, Panda Capital and 8 others
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Private AI Secures $3.15 Million Seed Round to Streamline Privacy Compliance for EnterprisesAiThority•Sep 15, 2021•Private AI, M12, Forum Ventures, Differential Ventures and 2 others
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