The University College London (UCL) Technology Fund has invested in a information anonymisation program start-up called Anon AI.
The Fund was set-up in Jan 2016 to assistance commercialise egghead skill grown during a University, focusing in sold on a earthy and life sciences.
Academics whose investigate has blurb intensity can request for appropriation for early-stage proofs of concept, chartering projects and new spin-out companies. The Fund is managed by Albion Capital, rather than directly by a University. Albion is one of a largest eccentric try collateral firms in a UK.
The thought behind Anon AI is to automate information anonymisation and assistance developers and information scientists to share information securely
The investment comes as partial of a £340,000 pre-seed turn in partnership with a London Co-Investment Fund (LCIF), AI Seed and Ascension Ventures.
The thought behind Anon AI is to automate information anonymisation and assistance developers and information scientists to share information securely. The start-up is anticipating to feat a fact that a EU General Data Protection Regulation (GDPR) is entrance into force shortly, as businesses’ concerns to strengthen personal information intensifies.
According to UCL, a investment will capacitate Anon AI to raise a antecedent indication and build a ‘best in class’ developer apparatus in partnership with a UCL community.
Organisations are drowning in information and will face endless correspondence mandate once GDPR comes into effect
CEO Harry Keen and chief record officer James Arthur will work with a University in a bid to allege a appurtenance training techniques and rivet with open process as GDPR goes live. Dr Fintan Nagle, a machine-learning researcher during UCL’s Institute of Cognitive Neuroscience, has been tasked with operative with Anon AI to urge a healthy denunciation estimate capabilities of a software.
“Organisations are drowning in information and will face endless correspondence mandate once GDPR comes into effect,” pronounced David Grimm, investment manager, UCL Technology Fund.
“Anon AI addresses a twin plea of progressing a confidence of mass personal information and preserving innovation. Its gifted group and slicing corner AI program give it an glorious event to take an attention heading position in a marketplace that stands during £30m+ in a financial services attention alone,” he continued.
Keen combined that a group was “excited” to be operative with UCL’s appurtenance training experts “to emanate intelligent, commercially viable software”.
Anon AI is a fourth AI business a UCL Technology Fund has invested in to date.
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