Over 8 million investment from private equity groups, 25 employees between Trieste and Milan and, obviously, a lot of enthusiasm, studies in STEM subjects and faith in the project. This is Aindo founded in 2018 by three young graduates: Daniele Panfilo which is the ad, Sebastiano Saccani head of research and development e Borut SvaraCto inside the International School of Advanced Studies of Trieste (Sissa). The company operates in the field of synthetic data fundamental for the development of the digital trend of the year, namely artificial intelligence. “We have proprietary technology – explains Daniele Panfilo – which allows us to develop synthetic data in various fields from healthcare to finance. The synthetic data allows you to implement generative AI without the privacy problems of real ones but with the certainty that they lead to the same results. We can’t talk about our customers yet but we have contracts in the healthcare and financial sectors.”
Over 8 million investment and 25 employees
In 2023 Aindo’s technology for the generation of synthetic data becomes an Italian patent and last October it signed the agreement for an investment of 6 million euros, which were added to an investment round in 2021, by United Ventures, Vertis Venture Technology Transfer and other investors. The funding allows Aindo to strengthen the team and continue the development of solutions that facilitate the use of artificial intelligence in strategic sectors such as healthcare, finance and public administration.
The startup’s proprietary technology
Aindo’s synthetic data is artificially generated through machine learning models (rather than collected empirically). These are capable of creating artificial data that reproduce faithfully the characteristics and behaviors of real ones. The synthetic data thus generated therefore retains the statistical utility contained in the original data. Being artificial, they are devoid of sensitive information and they can therefore be exchanged and analyzed securely, without risks to the privacy of individuals. Synthetic data allows the potential of AI to be applied in areas with high social and business impact, such as healthcare research or the development of technologies for financial markets.
Sector in great expansion
The company is one of the 50 startups that represented Italy in the innovation pavilion set up by Ice during the CES in Las Vegas, the most important world exhibition in the digital sector which closed on 12 January. “We are very happy with this experience – says Panfilo – Generative AI is a rapidly growing but also very competitive sector which is why we also sponsor research doctorates and we are also developing a platform that guarantees data security”.