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§ Private Profile · Second Home, 68-80 Hanbury Street, London E1 5JL
Generative AI platform creating synthetic data for financial services, telecommunications, and government to enable data innovation.
Hazy, based in London, United Kingdom, provides a generative AI platform that creates synthetic data, enabling organizations to develop machine learning models, test software, and perform analytics without exposing sensitive information. This B2B SaaS platform primarily serves enterprises in heavily regulated sectors, including financial services, telecommunications, and government, where strict data privacy regulations and legacy infrastructure often impede data innovation. Hazy's technology generates artificial datasets that accurately mirror the statistical properties and patterns of real-world data, allowing businesses to unlock critical insights while rigorously ensuring customer privacy. The company's Head of Research, Georgi Ganev, actively participates in regulatory discussions with bodies such as the ICO and FCA, underscoring its engagement with data policy. Hazy was founded in 2017 as a University College London spinout by Harry Keen, James Arthur, and Dr. Fintan Nagle.
Hazy has raised $11.3M across 3 funding rounds.
Hazy has raised $11.3M in total across 3 funding rounds.
Hazy has raised $11.3M in total across 3 funding rounds.
Hazy's investors include Conviction VC, Albion VC, ACT Venture Partners, Evenlode, Logo Ventures, M12, Nationwide, Neva SGR, Sarus Select Capital, Terra VC, UCL Technology Fund, Wells Fargo.
Hazy is a synthetic data platform that generates privacy-preserving, realistic data replicas for enterprises, enabling secure testing, AI training, analytics, and innovation without exposing sensitive information.[1][2] It serves sectors like financial services, healthcare, and manufacturing by solving data privacy challenges under regulations like GDPR, allowing companies to unlock data value for digital transformation while maintaining compliance.[1][2] The low-code/no-code platform supports unlimited synthetic dataset generation, with strong growth evidenced by its availability on AWS Marketplace and acquisition by SAS in November 2024, integrating into SAS's Data Maker product.[1][3]
Hazy was founded in 2017 in London, England, by Harry Keen (CEO) and James Arthur, who met while working at a digital manufacturing startup.[1][2][3] There, they encountered persistent barriers to sharing and extracting value from data due to privacy regulations and security constraints, inspiring them to build a solution.[2] Initially launched as an anonymization product (under the name Anon AI), Hazy pivoted to synthetic data generation upon recognizing its superior potential for creating entirely new, statistically faithful datasets.[1][2] Early traction came from the Cylon Ventures cybersecurity accelerator, where the team connected with security experts, refined their enterprise focus, and targeted financial services, humanizing their shift from broad anonymization to high-fidelity synthetic data for regulated industries.[2]
Hazy stands out in the synthetic data market through these key strengths:
Hazy rides the explosive growth of synthetic data amid surging AI adoption and stringent privacy laws (e.g., GDPR, CCPA), where real data scarcity hampers model training and testing.[1][2] Timing is ideal as enterprises accelerate digital transformation—post-2024 AI boom—needing compliant data for innovation without breach risks, amplified by market forces like rising cyber threats and regulatory fines.[2] By enabling safe data sharing and AI pipelines, Hazy influences the ecosystem, fostering trust in sectors like fintech (its early focus) and healthcare, while its SAS acquisition accelerates synthetic data mainstreaming, competing with players like Tonic AI and positioning it as a backbone for privacy-first AI.[1]
Post-acquisition by SAS, Hazy's platform will likely deepen integration into enterprise AI workflows, expanding synthetic data's role in global analytics and automation.[1] Trends like agentic AI, multimodal models, and zero-trust data policies will propel demand, with Hazy's governed generation toolkit evolving to handle edge cases in real-time data synthesis. Its influence may grow as a SAS-powered standard, enabling more startups and incumbents to innovate securely—ultimately redefining how enterprises treat data as a privacy-safe asset, echoing its founding mission to make sensitive data universally usable.[2]
Hazy has raised $11.3M across 3 funding rounds. Most recently, it raised $9.0M Series A in March 2023.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2023 | $9M Series A | Conviction VC | Albion VC, ACT Venture Partners, Evenlode, Logo Ventures, M12, Nationwide, Neva SGR, Sarus Select Capital, Terra VC, UCL Technology Fund, Wells Fargo | Announced |
| Aug 1, 2018 | $1.8M Seed | UCL Technology Fund | AI Seed, Amadeus Capital Partners, Nationwide, Pentland Ventures | Announced |
| Jan 15, 2018 | $470K Pre Seed | — | AI Seed, Ascension Ventures, London Co Investment Fund, UCL Technology Fund | Announced |