The
new funding will be used to publicly launch Betterdata’s product, enhance its peer-reviewed
programmable synthetic data technology stack including support for
single-table, multi-table, and time-series datasets, and for hiring, especially
sales and marketing positions for business development as the company scales.
Betterdata currently operates in Singapore, but plans to expand across the
Asia-Pacific region over the next one to two years.

Founded
in 2021 by Chief Executive Officer <a href="https://www.linkedin.com/in/uzair-javaid/">Dr. Uzair Javaid</a> and Chief Technologist <a href="https://www.linkedin.com/in/yee-kevin/">Kevin Yee</a>, Betterdata was launched to make
data sharing faster and more secure in view of the increasing data protection
regulations worldwide and user awareness on privacy. “Betterdata solves one of
the biggest issues the AI industry is facing today: lack of high-quality data
that also meets privacy requirements. Through its powerful platform, Betterdata
generates synthetic data that mimics real-world data without compromising quality
and privacy, helping businesses meet global compliance and privacy laws at
scale,” said <a href="https://www.linkedin.com/in/khairurejal/?originalSubdomain=sg">Khairu Rejal</a>, Principal, Investible.

Betterdata
differentiates from traditional data sharing methods that use data
anonymization to destroy information and ensure privacy, with Generative AI and
Privacy Engineering to generate synthetic data without destroying information
and ensuring optimal data quality, risk, and fairness guarantees suitable for
business use cases. “Data protection including user privacy, consent,
copyrights, and compliance are on top of minds of CISOs today. Betterdata’s
GenAI models can generate synthetic data at scale in a non-bias, highly
accurate, and privacy-preserving way. We believe this is, and will be essential
in many business verticals as the new wave of GenAI systems become mainstream,”
said <a href="https://www.linkedin.com/in/YuK/">K. Yu</a>, Founding Partner, Xcel Next.

Betterdata
has recently entered into two research and development partnerships with
leading academic institutes in Singapore and United States, and its product is
being used by customers that include Tier 1 Firms, Fortune 200, Public
Agencies, and AI Start-ups. “As data becomes
increasingly important in all aspects of business and society, the need for reliable,
accurate, and diverse data has become more pressing. We believe synthetic data
will play a critical role in all areas where data has been used. Our collaboration with Betterdata
has already yielded promising results. By leveraging synthetic data techniques,
organizations can overcome the challenges of data scarcity, privacy concerns,
and data quality issues, and unlock the full potential of their data assets.”
said <a href="https://www.linkedin.com/in/dongxu-shao-pmp-44057246/?originalSubdomain=sg">Dongxu Shao</a>, Vice President, Innovation Centre,
Shanghai Pudong Development Bank.

Betterdata,
an <a href="https://www.imda.gov.sg/content-and-news/innovative-tech-companies/betterdata">IMDA Spark </a>company, is also exploring conducting Proof-of-Concepts with
local Government agencies via IMDA’s <a href="https://www.imda.gov.sg/-/media/Imda/Files/News-and-Events/Media-Room/Media-Releases/2021/01/Annex-C-Tech-Acceleration-Lab-factsheet.pdf">Tech Acceleration Lab</a>. “Congratulations
to Uzair and Kevin on raising a new round. This
comes hot on the heels of their recent first runner-up win in the Financial
Innovation Category at the <a href="https://www.linkedin.com/company/finawardmetrotokyo/">東京金融賞
Tokyo Financial Award&nbsp;2022</a>. Since their inception
in 2021, they have been pushing boundaries as a Generative AI company that
solves Government agencies and enterprises’ long standing data challenges with
their synthetic data generation platform. Their solution resolves data sensitivity
issues, and provides a complete and clean dataset to enable new use cases for
data sharing/collaboration, AI training, and system testing. We look forward to partner with Betterdata to unlock new
innovative use cases and establish a foothold in the Asia-Pacific region
quicker,” said <a href="https://www.linkedin.com/in/edwin-low-2a553b190/?originalSubdomain=sg">Edwin Low</a>, Director of Enterprise and
Ecosystem Development, Infocomm Media Development Authority of Singapore. Betterdata is also part of IMDA’s <a href="https://www.imda.gov.sg/How-We-Can-Help/Data-Innovation/Privacy-Enhancing-Technologies-Sandbox">Privacy Enhancing
Technologies (PETs) Sandbox</a> initiative introduced in July 2022, for businesses to safely
test and use their product.

Singapore
University of Technology and Design’s Senior Director, Venture, Innovation and
Entrepreneurship, Ms. <a href="https://www.linkedin.com/in/celestine-khoo/?trk=public_profile_browsemap_profile-result-card_result-card_full-click&amp;originalSubdomain=sg">Celestine Khoo</a> said, "We are pleased to
support Betterdata through SUTD's Venture Innovation Fund, which invests in
high-potential SUTD-affiliated startups to help extend their runway to
commercial success. We are especially proud of Betterdata’s Co-Founder Kevin
Yee, who is an SUTD alumnus, and their vision which aligns well with the
university's mission to better the world by design."

For
its innovative approach to synthetic data generation, Betterdata has earned
numerous accolades. It was the first company in Asia-Pacific selected for the
Franklin Templeton Singapore FinTech incubator program and has been featured by
Gartner, Channel News Asia, D.Camp, and Tech in Asia. Additionally, it has
received recognitions from <a href="https://www.linkedin.com/posts/betterdataai_betterdata-syntheticdata-dataprivacy-activity-6885125990356451328-MITg?utm_source=share&amp;utm_medium=member_desktop">Shanghai Pudong
Development Bank</a>, <a href="https://www.metro.tokyo.lg.jp/english/topics/2023/0116_01.html">Tokyo Metropolitan
Government</a>,
<a href="https://www.linkedin.com/feed/update/urn:li:activity:6985903460244213760">Seagate</a>, and TechCrunch as <a href="https://techcrunch.com/2022/10/18/announcing-the-techcrunch-startup-battlefield-20-companies-on-the-disrupt-stage/">Top 20 Start-up
Battlefield Companies</a>.

<h1>Betterdata, a generative AI start-up, raises over-subscribed $1.65 million seed round to build the future of data and privacy engineering with programmable synthetic data</h1>Betterdata, a programmable synthetic data company based in Singapore and incubated at the Asian Institute of Digital Finance at National University of Singapore, has raised an over-subscribed seed round of $1.65 million led by Asia-Pacific-based venture capital firm Investible with participation from Franklin Templeton, Xcel Next, Singapore University of Technology and Design, Bon Auxilium, Tenity, Plug and Play, and Entrepreneur First.The
new funding will be used to publicly launch Betterdata’s product, enhance its peer-reviewed
programmable synthetic data technology stack including support for
single-table, multi-table, and time-series datasets, and for hiring, especially
sales and marketing positions for business development as the company scales.
Betterdata currently operates in Singapore, but plans to expand across the
Asia-Pacific region over the next one to two years.Founded
in 2021 by Chief Executive Officer <a href="https://www.linkedin.com/in/uzair-javaid/">Dr. Uzair Javaid</a> and Chief Technologist <a href="https://www.linkedin.com/in/yee-kevin/">Kevin Yee</a>, Betterdata was launched to make
data sharing faster and more secure in view of the increasing data protection
regulations worldwide and user awareness on privacy. “Betterdata solves one of
the biggest issues the AI industry is facing today: lack of high-quality data
that also meets privacy requirements. Through its powerful platform, Betterdata
generates synthetic data that mimics real-world data without compromising quality
and privacy, helping businesses meet global compliance and privacy laws at
scale,” said <a href="https://www.linkedin.com/in/khairurejal/?originalSubdomain=sg">Khairu Rejal</a>, Principal, Investible.Betterdata
differentiates from traditional data sharing methods that use data
anonymization to destroy information and ensure privacy, with Generative AI and
Privacy Engineering to generate synthetic data without destroying information
and ensuring optimal data quality, risk, and fairness guarantees suitable for
business use cases. “Data protection including user privacy, consent,
copyrights, and compliance are on top of minds of CISOs today. Betterdata’s
GenAI models can generate synthetic data at scale in a non-bias, highly
accurate, and privacy-preserving way. We believe this is, and will be essential
in many business verticals as the new wave of GenAI systems become mainstream,”
said <a href="https://www.linkedin.com/in/YuK/">K. Yu</a>, Founding Partner, Xcel Next.Betterdata
has recently entered into two research and development partnerships with
leading academic institutes in Singapore and United States, and its product is
being used by customers that include Tier 1 Firms, Fortune 200, Public
Agencies, and AI Start-ups. “As data becomes
increasingly important in all aspects of business and society, the need for reliable,
accurate, and diverse data has become more pressing. We believe synthetic data
will play a critical role in all areas where data has been used. Our collaboration with Betterdata
has already yielded promising results. By leveraging synthetic data techniques,
organizations can overcome the challenges of data scarcity, privacy concerns,
and data quality issues, and unlock the full potential of their data assets.”
said <a href="https://www.linkedin.com/in/dongxu-shao-pmp-44057246/?originalSubdomain=sg">Dongxu Shao</a>, Vice President, Innovation Centre,
Shanghai Pudong Development Bank.Betterdata,
an <a href="https://www.imda.gov.sg/content-and-news/innovative-tech-companies/betterdata">IMDA Spark </a>company, is also exploring conducting Proof-of-Concepts with
local Government agencies via IMDA’s <a href="https://www.imda.gov.sg/-/media/Imda/Files/News-and-Events/Media-Room/Media-Releases/2021/01/Annex-C-Tech-Acceleration-Lab-factsheet.pdf">Tech Acceleration Lab</a>. “Congratulations
to Uzair and Kevin on raising a new round. This
comes hot on the heels of their recent first runner-up win in the Financial
Innovation Category at the <a href="https://www.linkedin.com/company/finawardmetrotokyo/">東京金融賞
Tokyo Financial Award&nbsp;2022</a>. Since their inception
in 2021, they have been pushing boundaries as a Generative AI company that
solves Government agencies and enterprises’ long standing data challenges with
their synthetic data generation platform. Their solution resolves data sensitivity
issues, and provides a complete and clean dataset to enable new use cases for
data sharing/collaboration, AI training, and system testing. We look forward to partner with Betterdata to unlock new
innovative use cases and establish a foothold in the Asia-Pacific region
quicker,” said <a href="https://www.linkedin.com/in/edwin-low-2a553b190/?originalSubdomain=sg">Edwin Low</a>, Director of Enterprise and
Ecosystem Development, Infocomm Media Development Authority of Singapore. Betterdata is also part of IMDA’s <a href="https://www.imda.gov.sg/How-We-Can-Help/Data-Innovation/Privacy-Enhancing-Technologies-Sandbox">Privacy Enhancing
Technologies (PETs) Sandbox</a> initiative introduced in July 2022, for businesses to safely
test and use their product.Singapore
University of Technology and Design’s Senior Director, Venture, Innovation and
Entrepreneurship, Ms. <a href="https://www.linkedin.com/in/celestine-khoo/?trk=public_profile_browsemap_profile-result-card_result-card_full-click&amp;originalSubdomain=sg">Celestine Khoo</a> said, "We are pleased to
support Betterdata through SUTD's Venture Innovation Fund, which invests in
high-potential SUTD-affiliated startups to help extend their runway to
commercial success. We are especially proud of Betterdata’s Co-Founder Kevin
Yee, who is an SUTD alumnus, and their vision which aligns well with the
university's mission to better the world by design."For
its innovative approach to synthetic data generation, Betterdata has earned
numerous accolades. It was the first company in Asia-Pacific selected for the
Franklin Templeton Singapore FinTech incubator program and has been featured by
Gartner, Channel News Asia, D.Camp, and Tech in Asia. Additionally, it has
received recognitions from <a href="https://www.linkedin.com/posts/betterdataai_betterdata-syntheticdata-dataprivacy-activity-6885125990356451328-MITg?utm_source=share&amp;utm_medium=member_desktop">Shanghai Pudong
Development Bank</a>, <a href="https://www.metro.tokyo.lg.jp/english/topics/2023/0116_01.html">Tokyo Metropolitan
Government</a>,
<a href="https://www.linkedin.com/feed/update/urn:li:activity:6985903460244213760">Seagate</a>, and TechCrunch as <a href="https://techcrunch.com/2022/10/18/announcing-the-techcrunch-startup-battlefield-20-companies-on-the-disrupt-stage/">Top 20 Start-up
Battlefield Companies</a>.Increasing data protection regulations in the world make data sharing extremely slow for engineering and data science teams. Betterdata makes data sharing instant with Generative AI and Privacy Engineering by converting real data into limitless synthetic data that looks, feels, and behaves just like your real datasets. As synthetic data is artificially generated, it does not belong to real users and can be shared globally with 100% compliance to local, regional, and international privacy laws.Dr. Uzair Javaid
contact@betterdata.ai

Software

Blockchain / Web3

STEM (Science, Tech, Engineering, Math)

Green technology

Startups

Betterdata, a programmable synthetic data company based in Singapore and incubated at the Asian Institute of Digital Finance at National University of Singapore, has raised an over-subscribed seed round of $1.65 million led by Asia-Pacific-based venture capital firm Investible with participation from Franklin Templeton, Xcel Next, Singapore University of Technology and Design, Bon Auxilium, Tenity, Plug and Play, and Entrepreneur First.

Betterdata, a generative AI start-up, raises over-subscribed $1.65 million seed round to build the future of data and privacy engineering with programmable synthetic data