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§ Private Profile · PIXEL at One North (10 Central Exchange Green, Singapore 138649)
A privacy-enhancing technology company providing synthetic data generation using generative AI for secure enterprise data sharing.
Betterdata is a Singapore-based enterprise software company that develops a programmable synthetic data generation platform using generative artificial intelligence to help data science teams securely share and analyze sensitive customer information. The company's B2B SaaS platform creates artificial datasets that retain the statistical properties and analytical value of real data without exposing personal details, enabling compliance with global privacy regulations during machine learning model training. To scale its enterprise solutions and expand its technology infrastructure, the company has raised $1.55 million in an oversubscribed seed funding round. Betterdata targets clients operating within highly regulated financial services, healthcare, and telecommunications sectors, securing enterprise customers like Shanghai Pudong Development Bank while gaining financial backing from institutional investors such as Investible, Franklin Templeton, and Plug and Play. The organization was officially founded in 2021 by Dr. Uzair Javaid and Kevin Yee.
Betterdata has raised $2.8M across 2 funding rounds.
Betterdata has raised $2.8M in total across 2 funding rounds.
Betterdata is a Singapore-based technology company specializing in synthetic data generation for enterprise AI/ML, analytics, system testing, and secure data sharing.[1][2][3] It builds a platform and open-source SDK that converts real data into high-quality, privacy-preserving synthetic datasets, enabling regulated industries like banking, government, and Fortune 500 enterprises to unlock data utility without compliance risks.[1][2][3] Serving Tier 1 banks, federal agencies (e.g., U.S. DHS), luxury brands, and data providers, Betterdata solves data privacy bottlenecks under regulations like GDPR and HIPAA by providing statistically similar artificial data for simulations, modeling, and collaborations—demonstrating growth through pilots in multiple countries, Gartner recognition, and contracts like DHS S&T awards.[1][2][3]
Founded in 2021 by two AI and blockchain enthusiasts, Betterdata emerged from the need to address escalating data compliance challenges in a privacy-first world.[2][3] Headquartered in Singapore at PIXEL at One North, the company was backed early by Entrepreneurs First, a talent investor connecting deep-tech founders.[4] Its idea stemmed from proprietary deep learning models and privacy-preserving techniques, rapidly gaining traction via R&D partnerships with Singapore academic institutes, co-authorship of national synthetic data guidelines with PDPC, and publications in top forums like NeurIPS and ICML.[1][3] Pivotal moments include deployments by U.S. DHS, Kajima Corporation, and Tier 1 Asian banks, plus IMDA recognition as an innovative tech firm.[1][3]
Betterdata rides the explosive growth of enterprise AI amid stringent data regulations, where real data scarcity hampers model training, testing, and sharing—exacerbated by GDPR, HIPAA, and rising AI ethics demands.[1][2][3] Timing is ideal post-2021 privacy crackdowns and AI booms, enabling "data democratization" for open sharing economies while accelerating digital maturity in finance, healthcare, and government.[3] Market forces like test data management needs (CB Insights market) and synthetic data's role in compliant AI (e.g., DHS contracts) favor it, influencing ecosystems by setting standards via research and tools that cut dev cycles, boost insights from limited data, and foster secure collaborations across borders.[1][2][3]
Betterdata is poised to dominate synthetic data infra as AI regulations tighten globally, expanding from pilots to widespread adoption in finance and public sector amid 2025+ compliance waves.[1][2] Next steps likely include deeper U.S./Asia scaling, more open-source integrations, and enterprise wins leveraging DHS momentum; trends like data-centric AI and federated learning will amplify its edge.[2][3] Its influence could evolve into ecosystem standards-setter, powering responsible innovation—unlocking the compliant data access that Betterdata pioneered for enterprise-scale AI from day one.[1]
Betterdata has raised $2.8M across 2 funding rounds. Most recently, it raised $2.0M Seed in April 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Apr 1, 2023 | $2M Seed | Khairu Rejal | BON Auxilium, Entrepreneur First, Franklin Templeton, Plug And Play, Singapore University OF Technology And Design, Tenity, Xcel Next Ventures | Announced |
| Oct 19, 2022 | $770K Venture Round | — | — | Announced |
Betterdata has raised $2.8M in total across 2 funding rounds.
Betterdata's investors include Khairu Rejal, Bon Auxilium, Entrepreneur First, Franklin Templeton, Plug and Play, Singapore University of Technology and Design, Tenity, XCEL NEXT VENTURES.