This story requires our BI Prime membership. To read the full article,AI startup Mine scans user emails to uncover which companies have their data – then lets them take it back at the click of a button.
The $3 million seed round was led by Saban Ventures and Battery Ventures, the latter of which previously invested in cryptocurrency exchange Coinbase.Mine, an AI startup allowing users to take ownership of their personal data, has launched after raising $3 million in an investment seed round led by Battery Ventures.
The Mine app works by using what the company calls "non-intrusive" machine learning algorithms, which root out the companies flooding your inbox with promotions or other sign-up material. "Therefore, we decided to invest our efforts into building a solution that will provide consumers with a real choice about who gets to keep their data and how it's used. We are kickstarting the future of data ownership."In October last year, the firm was chosen by tech giant Intel as one of 160 startups to join its "Ignite" accelerator scheme, a 20-week program offering pre-seed startups hands-on mentorship.
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Source: BusinessInsider - 🏆 729. / 51 Read more »
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