Cribdata funding news – Barcelona-based Cribdata Secures €155k in Funding

With this funding, Cribdata will further develop its innovative data processing model, empowering users with control over their information. Additionally, the model enhances AI systems for more advanced and precise outcomes.

Cribdata's innovative technology empowers users to identify the companies that own their data and provides them with the opportunity to monetize it. By enabling users to share their data with interested companies anonymously, the startup facilitates a transparent exchange.

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Acting as a central intermediary, Cribdata ensures that individuals remain at the core of decision-making processes, handling information with utmost privacy, precision, and ethical standards.

Ricardo Piiroja, founding partner of Cribdata, highlighted: “Currently there is no system that allows personal information to be amortized online. We act as data collection agents, recovering and returning it to users, who can control and monetize it voluntarily and anonymously. In addition, we offer companies knowledge processed in a private and synthetic way, pioneering in cross-insights from different platforms and social networks, which translate into higher quality data.”

The Cribdata team intends to use the funds from this round of financing to hire more people and penetrate new markets, with a particular emphasis on southern Europe, Latin America (where it already has plans to land in Brazil and Mexico), and the United States, where the first tests are already being conducted.

The AI market, which is always changing, is also implied by this new methodology, since up until now, its developers have implemented their systems using public data. However, in an environment where technology is developing at an exponential rate, AI programmers will be able to use this ethically obtained private data to drive new advanced and more precise systems.

About Cribdata

Cribdata enables companies to make strategic decisions based on user activity data, thanks to their customized dashboard. Increasing conversion rates and reducing acquisition costs has never been easier. At Cribdata they make data access easy and fast for everyone. No integration or technical knowledge is required. Using their data dashboard is easy, period.