Digital privacy company Hush has closed its seed round on $4m as it enhances its AI technology.
The strategic capital investment was led by Greycroft, a venture firm focused on investments in the internet and mobile markets.
The round was also backed by Detroit Venture Partners, ID Ventures and Annox Capital.
With the funds, Hush plans to enhance its AI technology and expand commercial activities.
Consumer risk is rising. Hush stated that some reports claim identity theft is growing by over 100% and incidents of unemployment fraud is up over 3,000%. With a greater need to safeguard individuals, Hush was created to support individuals and companies in need of accessible and effective privacy protection technology.
It claims to be the most comprehensive digital privacy services on the market. Hush’s AI technology protects members’ full digital footprint and highlights vulnerabilities, ultimately helping them to identify issues and implement solutions before problems arise.
Greycroft co-founder and managing partner Ian Sigalow said, “Hush is revolutionising the way individuals can take back control of their online identity.
“Their unique AI technology provides digital privacy protection services at the scale both small and large companies need to protect their teams. Greycroft’s enterprise sector team saw the need in the market for this type of service and has worked closely with Hush since the beginning to ensure they have the support needed to grow in this competitive space.”
Hush co-founder and CEO Mykolas Rambus said, “Hush is building the most powerful, proactive digital privacy service available.
“Leading employers will leverage Hush as a benefit to their team members, and employees will utilize the platform to safeguard themselves and their families against the efforts of bad actors who jeopardize their safety.”
Earlier in the month, fellow data protection company Codenotary closed its Series B round.
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