On September 15, 2021, Private AI announced it had completed its $3.15 million seed funding round co-led by Microsoft’s venture capital arm, M12 and Forum Ventures, with participation from astronaut Chris Hadfield, Differential Ventures, Shasta Ventures, Hyperplane Venture Capital and Parliament Angels. The funding from the oversubscribed seed round will be used to double its team, expand its technology offering and accelerate the acquisition of domestic and international customers.
Private AI is a Toronto-based software company focused on developing privacy-preserving machine learning and natural language processing tools.
Osler, Hoskin & Harcourt LLP advised Private AI with a team consisting of Chad Bayne and Jennifer Humphrey (Emerging and High Growth Companies).