Hazy

Hazy is a pioneering company that specialises in creating synthetic data to help organisations safeguard sensitive information while still gaining valuable insights from their data. Founded in 2017, Hazy has developed advanced algorithms that generate artificial data sets which mimic the patterns and behaviours of real data without including any actual personal or confidential information. This technology is particularly valuable in industries such as finance, healthcare, and telecommunications, where the handling of large volumes of sensitive data is a daily necessity. By using Hazy's synthetic data, companies can carry out tasks like machine learning training, software testing, and data analysis without the risk of breaching privacy regulations.

Hazy is renowned for its cutting-edge approach to data privacy, and its innovative solutions have attracted attention from some of the world’s largest financial institutions. The company’s technology is not just about anonymising data but creating entirely synthetic data sets that retain the statistical properties of the original data, ensuring that the insights derived are accurate and reliable. Hazy’s products have proven to be indispensable in regulatory environments, enabling businesses to share data with third parties, conduct risk assessments, and perform complex analyses without ever exposing real data to potential threats.

Based in London, Hazy has attracted considerable investment, with key backers including UCL Technology Fund and Nationwide Building Society. The company has secured multiple rounds of funding, including a Series A round, which has fuelled its growth and development. Hazy’s solutions are now used by some of the world’s largest banks and financial institutions, enabling them to innovate faster and more securely. With a growing team of specialists, Hazy continues to expand its reach, pushing the boundaries of what synthetic data can achieve and setting new standards in data privacy and security.

Hazy’s journey began in 2017, emerging from University College London’s AI research labs as a response to the growing challenges of data privacy and security in a digital age. The founders, led by CEO Harry Keen, recognised the pressing need for businesses to access and analyse large datasets while safeguarding sensitive information. Traditional data anonymisation techniques often fell short, either by not providing enough privacy protection or by rendering the data less useful for analysis. Hazy’s solution was to develop a technology that could generate synthetic data—artificially created datasets that closely mimic real data without exposing any personal details.

From its early days, Hazy focused on creating synthetic data that was as close to the real thing as possible in terms of statistical properties and usability. This was a game-changer for industries like finance, healthcare, and telecommunications, where data privacy is a significant concern. The company’s innovative approach quickly caught the attention of investors and industry leaders. In its first year, Hazy won the prestigious Innovate UK grant, which helped accelerate its research and development efforts.

Hazy’s breakthrough came in 2018 when it won the Barclays Techstars London Accelerator, which provided both funding and mentorship. This success brought Hazy into the spotlight, attracting further investment from notable backers such as the UCL Technology Fund and Nationwide Building Society. With this financial support, Hazy expanded its team, bringing in top talent from data science, engineering, and business development, which helped refine its product offerings.

As Hazy continued to grow, it forged partnerships with some of the world’s leading financial institutions, who were eager to leverage synthetic data to improve their AI models, test new products, and conduct analyses without risking data breaches. Hazy’s technology allowed these organisations to work with data that was both private and usable, enabling them to innovate more quickly and securely. The company’s solutions became particularly valuable for banks and insurers, who needed to comply with stringent data privacy regulations while still being able to use large datasets for machine learning and analytics.

In 2020, Hazy reached a significant milestone by launching its enterprise-grade synthetic data platform. This platform made it easier for companies to generate, manage, and deploy synthetic data at scale. The platform’s success solidified Hazy’s position as a leader in the synthetic data space, and the company began to see wider adoption across various sectors beyond finance, including healthcare and telecoms.

Hazy’s growth trajectory continued as it secured further funding in subsequent rounds, including a Series A round that allowed the company to expand its operations internationally. The company’s synthetic data solutions were soon being used by global organisations, enabling them to collaborate more effectively across borders while maintaining the highest standards of data privacy.

Today, Hazy is recognised not just for its pioneering synthetic data technology, but also for its commitment to ethical AI and data privacy. The company remains at the forefront of the industry, continually innovating to meet the evolving needs of its clients. With a strong foundation in research and a clear vision for the future, Hazy is well-positioned to continue leading the charge in synthetic data and privacy-preserving AI. The company’s work has opened up new possibilities for businesses worldwide, allowing them to unlock the full potential of their data while staying compliant with ever-tightening data protection regulations.

Hazy's mission is to empower businesses to harness the full potential of their data while ensuring the highest standards of privacy and security. By pioneering synthetic data technology, Hazy enables organisations to safely analyse and share sensitive information without compromising individual privacy. The company is dedicated to creating innovative solutions that bridge the gap between data utility and protection, allowing businesses to drive insights, improve decision-making, and accelerate innovation. Hazy strives to support its clients in navigating complex regulatory environments by providing tools that ensure compliance and foster responsible data practices.

Hazy envisions a future where data privacy and innovation coexist seamlessly, enabling businesses to thrive in an increasingly data-driven world. The company aims to lead the synthetic data revolution, becoming the go-to provider for organisations seeking to unlock the power of their data without risking privacy breaches. Hazy aspires to set the global standard for ethical AI and data protection, driving industry-wide adoption of synthetic data as a cornerstone of modern business practices. By responsible data use, Hazy hopes to contribute to a more secure, transparent, and innovative digital ecosystem.

Hazy specialises in synthetic data solutions, providing advanced tools and services that allow businesses to generate, manage, and use artificial datasets. These datasets are designed to mimic the statistical properties of real data while protecting the privacy of the individuals represented in the original datasets. Hazy's offerings are particularly valuable for industries that deal with sensitive information, such as finance, healthcare, and telecommunications. Below is a detailed overview of the key products and services provided by Hazy.

1. Synthetic Data Generation Platform

Hazy’s flagship product is its synthetic data generation platform, which allows businesses to create high-quality synthetic data from their existing datasets. The platform uses sophisticated machine learning algorithms to analyse real data and produce artificial data that retains the statistical characteristics of the original. This means that businesses can use the synthetic data for tasks such as testing, AI model training, and analytics without compromising on privacy.

One of the platform's most significant advantages is its ability to generate data that is both private and usable. The synthetic data created by Hazy is virtually indistinguishable from real data in terms of its usefulness for analysis, but it contains no actual personal information. This makes it an ideal solution for companies that need to comply with stringent data protection regulations like GDPR while still being able to leverage large datasets for innovation and decision-making.

2. Data Anonymisation Services

In addition to synthetic data generation, Hazy offers data anonymisation services. While synthetic data is completely artificial, anonymisation involves modifying real datasets to remove or obscure personal identifiers. Hazy’s anonymisation services ensure that businesses can safely share or use data in compliance with privacy laws, reducing the risk of data breaches.

Hazy’s anonymisation process is designed to maintain as much of the data’s original utility as possible, meaning that anonymised datasets can still be valuable for analysis and machine learning. This service is particularly useful for companies that need to share data with third parties or across different departments while maintaining strict privacy standards.

3. Privacy-Preserving Data Analytics

Hazy also provides privacy-preserving data analytics solutions. These tools allow businesses to perform data analysis and run machine learning models on sensitive data without exposing any individual’s personal information. By combining synthetic data with privacy-enhancing technologies, Hazy enables companies to gain insights from their data securely.

This service is especially beneficial for organisations in regulated industries, where the need to protect personal data is paramount. Hazy’s privacy-preserving analytics tools ensure that businesses can extract valuable insights from their data without violating privacy laws or compromising data security.

4. Consulting and Custom Solutions

Understanding that each business has unique needs, Hazy offers consulting services to help companies integrate synthetic data solutions into their operations. Hazy’s team of experts works closely with clients to assess their data privacy challenges and develop tailored solutions that meet their specific requirements.

Whether a company is looking to implement synthetic data generation for the first time or optimise its existing data privacy practices, Hazy’s consulting services provide the guidance and support needed to achieve these goals. This personalised approach ensures that each client can fully leverage Hazy’s technology to enhance their data privacy and analytical capabilities.

5. API Integration

Hazy provides API integration services that allow businesses to seamlessly incorporate synthetic data generation into their existing systems and workflows. The Hazy API enables real-time synthetic data generation, making it easy for companies to automate the process and integrate synthetic data into their software applications.

This service is particularly valuable for companies with complex data needs or those that operate in highly regulated environments. The API integration ensures that synthetic data is readily available and can be used in a wide range of applications, from product development to risk management.