Seed · $4MSecludy
Privacy-safe synthetic data unlocking AI for financial institutions
Privacy TechSynthetic DataFinancial AI
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AI Without the Privacy Risk
Secludy generates privacy-guaranteed synthetic data that mirrors real datasets, letting financial institutions train AI models without exposing sensitive customer information. Built on differential privacy, the platform deploys directly in the customer's own cloud environment — ensuring that raw data never leaves the institution's infrastructure. Co-founded by Ben Cerchio (CEO) and Ming He (CTO), Secludy is purpose-built for banks, fintechs, and regulated enterprises navigating strict data protection requirements.
Compliance by Design
CEO Ben Cerchio previously worked in product privacy at TikTok and InfoSec compliance at PayPal, giving him firsthand experience with the tension between data utility and regulatory constraints. Secludy's synthetic data approach satisfies GDPR, CCPA, and HIPAA requirements by design, removing the compliance bottleneck that blocks most financial AI projects. The $4M seed round was backed by Impression Ventures, LAUNCH, Wedbush Ventures, Precursor Ventures, and Hustle Fund.
About Ben Cerchio
Ben Cerchio is the CEO and co-founder of Secludy, a privacy tech startup generating synthetic data for financial institutions. He co-founded the company alongside Ming He (CTO) to solve the fundamental tension between data-driven AI and regulatory compliance in financial services.
Before founding Secludy, Cerchio worked in product privacy at TikTok and InfoSec compliance at PayPal, where he saw firsthand how privacy regulations block financial institutions from leveraging their data for AI. His platform uses differential privacy to generate synthetic datasets that mirror real data without exposing any sensitive customer information, deploying entirely within the customer's own cloud.
Under Cerchio's leadership, Secludy raised a $4M seed round backed by Impression Ventures, LAUNCH, Wedbush Ventures, Precursor Ventures, and Hustle Fund. The company operates with approximately 8 employees and is targeting banks and fintechs that need GDPR, CCPA, and HIPAA-compliant AI solutions.
Ex-TikTok & PayPal
Background
Sources: Public press releases, SEC and state business filings, published interviews, news coverage, and company disclosures.
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