Newsletter registration

By using our website, you are agreeing to cookies being stored and Google Analytics being used on your device in order to offer the best possible service. You can find more information on thishere.
Where Your Profits Grow Sky High.

Mostly AI: USD 5 million investment for Viennese AI startup

The founding team of Mostly AI © Mostly AI

The speciality of the Viennese startup Mostly AI, first established in 2017, is the anonymization of data enabling companies to securely use the data in large data sets. Original data is converted into synthetic data on the basis of an anonymisation process developed in-house. This maintains the same informative value of the original data, but at the same time is designed to make the re-identification of real, existing persons impossible.

The company was able to convince the strong partners Earlybird, 42 Cap and Push Ventures of the merits of the Mostly AI approach, according to Michael Platzer, CEO and co-founder of Mostly AI, in an interview with der brutkasten, the multimedia platform for startups. "We will primarily make use of the financing to further develop the Mostly Generate solution and launch a software-as-a-service model on the marketplace. At the same time, we will press ahead with growing the synthetic data engine in the USA", he added. Mostly Generate is a product of the startup Mostly AI based on the synthetic data engine. It aims to allow customers to generate highly realistic and representative synthetic data derived from an original data set on the basis of automatically generated patterns, structures and variations.

Read the related blog on artificial intelligence in Austria.

Read more:

Share on Facebook Share on Facebook Share on Twitter Share on Twitter Share on Linkedin Share on Linkedin



Meet us at events, seminars and trade shows - worldwide.

  • Business Breakfast Brno - Virtual Conference

    22.04.2020, Brno, Czech Republic

  • Corporate Day - Online Conference

    12.05.2020 / 13:00, Online Event

Austria Map

Find the perfect location for your company

A country like Austria considered to be an especially good terrain for upscale industrial segments, and with a particular emphasis on research and environmental friendliness, represents a major opportunity for SIAD. Our corporate goal is namely to assist the customer and provide support in improving the productivity and the environmental compatibility of its work processes.


More testimonials

news from the business location Austria

€ 38 Billion Economic Aid Package in Detail

On March 26, the Austrian Federal Government presented details of the previously announced aid package for the Austrian economy. Since March 27, 5 p.m. self-employed persons and small businesses can submit applications for up to € 6,000 in emergency aid. The Emergency Fund will grant loans which do not have to be entirely paid back.

Support Measures for Companies Affected by COVID-19

To stimulate the economy, either new programs may be established as a result of the draft law or existing support programs (e.g. aws, ÖHT) will be expanded. All measures introduced are intended to be applicable immediately and will be in force until the end of 2020. The measures currently introduced include the following areas:

More news All blog posts