TORONTO, ON, FEB 21, 2023 - Private AI, a leading provider of state-of-the-art technology which detects, redacts and replaces personally identifiable information, is excited to announce a strategic partnership with Mila - Quebec AI Institute, the world’s largest academic deep learning (DL) research center.
"Mila is at the forefront of DL research, and we're thrilled to be partnering with such a renowned institution," said Patricia Thaine, CEO of Private AI. "By combining our data privacy and AI expertise with Mila's world-class research capabilities and top talent, we believe we can expand the power of Private AI’s solution even further."
This new partnership aims to foster collaboration between Private AI’s data privacy researchers and the Mila community. The goal is to enable companies and organizations in various industries to use machine learning (ML) to gain a competitive advantage while maintaining the trust of their customers and partners.
“Private AI proposes an exciting integration between ML and data privacy, and our alliance with them has the potential to help us broaden our studies,” says Stéphane Létourneau, Executive Vice-President of Mila. “Mila’s research community is committed to advancing AI for the benefit of all. We are delighted to work with Private AI on ways to ensure people’s right to data privacy.”
This partnership is sponsored by BDC, who led Private AI’s Series A through its new Thrive Venture Fund last November.
‘’One of BDC Capital’s main objectives is to bring more collaboration between innovative startups and academics,’’ adds Jérôme Nycz, Executive Vice President at BDC Capital. ‘’This new partnership between Private AI and Mila is a good example of the type of synergies we’re hoping to see within the Canadian technology ecosystem, creating positive outcomes for both organizations, all while bolstering innovation in the country.’’
ABOUT PRIVATE AI
Founded by privacy and machine learning experts from the University of Toronto, Private AI’s mission is to create the privacy layer for software to enable privacy by design and effective compliance with current regulations such as the GDPR. Processing data using artificial intelligence helps to combine cybersecurity and privacy for a safer internet. Find out more at: https://www.private-ai.com/
ABOUT MILA
Founded by Professor Yoshua Bengio of the University of Montreal, Mila is an artificial intelligence research institute that brings together over 1,000 researchers specializing in machine learning. Based in Montreal, Mila’s mission is to be a global hub for scientific advances that inspire innovation and development of AI for the benefit of all. Mila is a non-profit organization recognized worldwide for its significant contributions to the field of deep learning, particularly in language modeling, machine translation, object recognition, and generative models. For more information, visit mila.quebec. Learn more at mila.quebec.
About BDC
As Canada’s development bank, BDC is a partner of choice for all entrepreneurs looking to access the financing and advice they need to build their businesses and tackle the big challenges of our time. Our investment arm, BDC Capital, offers a wide range of risk capital solutions to help grow the country’s most innovative firms. We are one of Canada’s Top 100 Employers and Canada’s Best Diversity Employers. For more information on BDC’s products and services and to consult free tools, templates and articles, visit bdc.ca or join BDC on social media.
MEDIA CONTACT
Olivia Tomic
Marketing Director
Private AI
