Privacy Solutions, provider of data protection, software development, and process management solutions, has received funding from the Hessian State Chancellery. As part of its digital strategy, the state of Hesse supports innovative projects in the growth phase of start-ups with a digital context.
AI for Privacy - The use of artificial intelligence to identify and assess data protection risks according to the EU General Data Protection Regulation (GDPR) – innovative methods for data protection compliance” – the project title outlines what the next two years will be about. Artificial intelligence is to be used to identify and assess data protection risks in accordance with data protection laws as an innovative method for data protection compliance.
Two evaluation rounds by an expert jury have rated the project as innovative and worthy of funding. For Privacy Solutions GmbH, the funding offers the opportunity to create a significant innovative leap forward. The startup will receive just under 160,000 Euros in funding, with additional funds and personnel capacities being incorporated into the project by the company.
The Privacy Solutions team started the two-year project in Frankfurt on September 15, 2020.