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Aindo Srl

Italy
Market: Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 14.11.2022
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Idea

Aindo helps the world embrace the power of AI. Aindo's Synthetic DataOps Platform, based on unrivalled synthetic data technology, transforms raw data to value, in a rapid, secure and intuitive way

Current Status

After offering AI consulting services for over a year, we conceived our Synthetic DataOps Platform in late 2019. It soon gained traction with industry experts, investors and organisations.
After receiving the first grant (100k$) by winning the European Data Incubator (EDI), we were able to reach revenues for 396.948$ in 2021, and forecast to achieve revenues of roughly 500k$ in 2022. We have currently secured a seed investment of 3M$ at the end of 2022, which we are investing in the team, product development and to boost sales activities. Currently we are aiming for a A-series round of 8M€.

Problem or Opportunity

Besides the huge amount of data generated every second, only a small fraction of this is transformed into real value for those who own them. This is mainly due to the fact that companies and organizations often lack the expertise and skills necessary to extract, manage and leverage the information which is contained in those data. In addition, the new regulations such as GDPR and CCPA, pose huge limitations on how and what kind of data can be shared freely. All this holds back the development of AI based models in the industry, preventing the whole society to benefit from its huge potentials

Solution (product or service)

Our product integrates synthetic data generation into data pipelines through five core modules: Acquisition, facilitating connectivity with all data sources; Structuring, converting raw data into tangible formats; Securing, creating privacy protecting synthetic data; exploration, showcasing relevant data opportunities; transaction, allowing effortless data exchanges.

Business model

Our business model is B2B software-as-a-service (SaaS). The software is modular by design, allowing users flexibility in purchasing functionalities according to their own needs.
Prior to 2022, we were primarily a B2B provider of AI consulting services. Our current emphasis on product development is therefore relatively new.

Incubation/Acceleration programs accomplishment

European Data Incubator
COLLISION 2020
Oxford University’s Creative Destruction Lab (CDL)
Unicredit Startup Lab
Vittoria Hub
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