Mostly AI

Mostly AI is a company using artificial intelligence (AI) to generate synthetic data based on real enterprise data. Synthetic data is an artificial representation of real data that can be shared and utilized without privacy concerns. Mostly AI makes synthetic data that can be bigger, smaller, rebalanced, or augmented to fill in missing data points. This artificial data retains the structure and statistical properties of the original for a range of use cases while simplifying data anonymization. Mostly AI generates synthetic data, allowing users to connect the platform to their existing data storage (cloud data warehouse, data lake, or RDBMS), then transform, synthesize, and share it for business intelligence, AI/ML, collaboration, and more.

Potential synthetic data use cases, described by Mostly AI, include the following:

• Data democratization
• Cross-border and enterprise data sharing
• Product design & development
• Representative test data generation
• Artificial intelligence/machine learning development
• Fairness and explainability for AI/ML

Founded in Vienna in 2017 by Michael Platzer, Klaudius Kalcher, and Roland Boubela, Mostly AI was formed after the cofounders experienced challenges with traditional data anonymization. On November 19, 2018, Mostly AI announced a €1 million investment from 42cap and Push Ventures. On March 2, 2020, Mostly AI announced $5 million in series A funding led by Earlybird with participation from previous investors 42CAP and Push Ventures. On January 11, 2022, the company announced a $25 million Series B round led by British VC firm Molten Ventures with participation from new investor Citi Ventures and existing investors 42CAP and Earlybird.