Hazy announces additional $1.8m seed funding
2018 has been an incredible year for the team at Hazy. We’re working with more and more customers, honed our product offering and won the \$1,000,000 Microsoft Innovate.AI prize. Today we passed another major milestone as we announced an additional \$1.8 million of Seed funding. You can read more in The Telegraph here.
The funding round is led by the UCL Technology Fund, alongside Nationwide Building Society, Pentland, Amadeus Capital Partners, AI Seed and other investors, and takes our total Seed funding raised in this round to \$2.8 million following our Innovate.AI win earlier this year.
Since founding the company in February 2017, we’ve seen radical changes in data privacy. From the widely-reported Cambridge Analytica scandal, to the introduction of GDPR, companies are now looking to implement ethical data practises not just because they have to, but because it’s the right thing to do. Betting on ethics isn’t just good values, it's good business.
We believe that data is now the new fur - and people are beginning to treat it that way.
For a company that advocates for the responsible and ethical use of data, these are exciting and encouraging times. With this new capital we will be building out our range of products - making sure that we are identifying the right problems and building the right solutions.
We are also looking forward to expanding our team, which has recently doubled in size from 6 to 12! If data privacy is your passion and you’re interested in joining us, check out our careers page.
We’d like to say a huge thank you to all of our investors, all of which bring significantly more value than just the funding alone. It’s great to have both past and present stakeholders on board as we look to drive the agenda for responsible and ethical data management.