Fantix Raises $1.6M for Advancing Privacy Safe AI Model Development
Fantix is privacy-safe technology infrastructure for AI model training and insights through federated knowledge without sharing data.
Company Name: Fantix
Location: NYC
Product: Privacy-safe technology infrastructure for AI model training and insights through federated knowledge without sharing data.
Funding Details: $1.6m in first funding round
Funding led by: Backers included Gaingels, Notion Capital, Founders Factory, Fastweb, Connect Ventures, IAG, and B Heroes.
Purpose of Funding: To further development efforts.
Leadership: Led by Antonio Tomarchio, CEO
About: Fantix, a recently launched startup, has innovated a cutting-edge technology infrastructure that paves the way for businesses to collaboratively train AI models. This collaborative approach, powered by data abstraction, allows for the establishment of federated knowledge by sharing models and insights without the need to share data directly.
Instead, businesses share only anonymous aggregated abstractions of data, ensuring protection for consumer privacy and upholding business confidentiality. This method presents a transformative solution in the realm of AI, especially given the rising concerns around data privacy.