Amid endemic data hacks and breaches, AI data privacy startup Mine has emerged from stealth with a $3 million Seed funding round to disrupt the notion of digital data ownership and finally give consumers leverage in a market that has fundamentally failed them.
Last November, WIRED reported on 1.2 billion customer private records that were exposed, sitting in an unsecured, easily accessible server. In dramatic fashion, another unfathomable trove of personal data wasn’t guarded by the companies that collected it, and was left open for exploitation. Earlier this year, the Marriott hotel reported a data breach, affecting an estimated 500 million guests’ data, including passport numbers. The digital traces of ourselves are being mined into a trillion-dollar industry and it begs the question: why hasn’t this been solved? Consumers are simply disenfranchised from the status quo of the data era; unwaveringly intrusive user agreements from practically every application to control consumer data, forcing them to choose between enjoying the internet or not.
