Private AI Awarded as 2023 Technology Pioneer by World Economic Forum

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  • •  The World Economic Forum announces selection of the 100 most promising Technology Pioneers, companies that are tackling such issues as sustainability, climate change and healthcare.
  • •  Private AI, the privacy layer for software and generative AI, is among the winners. 
  • •  This year’s cohort includes representation from 31 economies on six continents.
  • •  The full list of Technology Pioneers can be viewed here.

Toronto, Canada, 21 June 2023 Private AI, a leading provider of data privacy software solutions, was selected among hundreds of candidates as one of the World Economic Forum’s “Technology Pioneers.” The Toronto-based startup, founded by Patricia Thaine and Pieter Luitjens, uses state-of-the-art AI to detect, redact and replace over 50 types of Personally Identifiable Information (PII) in over 49 languages in text, PDFs, documents, transcripts, LLMs such as ChatGPT and more.

The World Economic Forum’s Technology Pioneers are early-stage companies that are at the forefront of new technologies and innovation and are poised to have a significant impact on business and society.

“We’re excited to welcome Private AI to our 2023 cohort of Technology Pioneers,” said Verena Kuhn, Head of Innovator Communities at the World Economic Forum. “Private AI and its fellow pioneers are at the forefront of innovation and disruption needed to help us solve the world’s most pressing issues. We look forward to their contribution to the Forum’s content work that brings together public and private sector to tackle these global issues.” 

As a Technology Pioneer, Private AI CEO Patricia Thaine will be invited to engage with the World Economic Forum, working with global leaders to help address key industry and societal issues. Technology Pioneers will also be invited to join Forum events and discussions throughout the year, bringing together leading stakeholders from the public and private sector. 

“It is a tremendous honour for Private AI to be named as a Technology Pioneer by the World Economic Forum,” said Thaine. “We are grateful for this recognition and look forward to engaging in the Forum’s Centre for the Fourth Industrial Revolution and continuing to drive meaningful change in the world of data privacy technology.”

This year’s Technology Pioneer cohort includes startups from 31 economies, with a third led by a woman chief executive. China has the second highest representation with 12 Technology Pioneers, behind the US with 29 companies. 

More information on this year’s Technology Pioneers can be found here

More information on past winners, information on the community and the application link can be found here

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About Private AI

Founded in 2019 by privacy and machine learning experts from the University of Toronto, Private AI’s mission is to create a privacy layer for software and enhance compliance with current regulations such as the GDPR. Identifying, reducing and removing privacy risks using AI, Private AI allows companies to unlock the value of the data they collect – whether it’s structured or unstructured data. Private AI is backed by M12, Microsoft’s venture fund, and BDC, and has been named as one of the 2022 CB Insights AI 100, CIX Top 20, Regtech100, and more. Learn more at: www.private-ai.com

Try PrivateGPT, the privacy layer for ChatGPT: private-ai.com/private-chatgpt/

About the World Economic Forum

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. (www.weforum.org)

About the Technology Pioneers

Launched in 2000, the Technology Pioneer community is composed of early-stage companies from around the world that are involved in the design, development and deployment of new technologies and innovations, and are poised to have a significant impact on business and society. The World Economic Forum provides the community with a platform to engage with public and private sector leaders and to contribute new solutions to overcome the current crisis and build future resiliency.The Technology Pioneers community is part of the Innovator Communities within the Forum’s Centre for the Fourth Industrial Revolution. The Innovator Communities convene the world’s leading global startups across different growth stages from early-stage Technology Pioneers to growth-stage Global Innovators and unicorn companies valued at more than $1 billion.

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Rappel

Testé sur un ensemble de données composé de données conversationnelles désordonnées contenant des informations de santé sensibles. Téléchargez notre livre blanc pour plus de détails, ainsi que nos performances en termes d’exactitude et de score F1, ou contactez-nous pour obtenir une copie du code d’évaluation.

99.5%+ Accuracy

Number quoted is the number of PII words missed as a fraction of total number of words. Computed on a 268 thousand word internal test dataset, comprising data from over 50 different sources, including web scrapes, emails and ASR transcripts.

Please contact us for a copy of the code used to compute these metrics, try it yourself here, or download our whitepaper.