Gener8 Raises €5.7 Million and Launches App to Empower Users with Control Over Their Personal Data

Time Stamp: March 15, 2023 9:45 AM
Source Node: 2518147

Gener8, a European startup, has recently announced the successful completion of a €5.7 million funding round and the launch of their new app. The app is designed to give users more control over their personal data, allowing them to monetize it and make informed decisions about who can access it.

Gener8’s app is the first of its kind, allowing users to take control of their data by giving them the ability to decide who can access it and how it is used. Users can choose to share their data with companies in exchange for rewards, or they can choose to keep their data private. The app also provides users with insights into how their data is being used, allowing them to make more informed decisions about who can access it.

The app is powered by Gener8’s proprietary technology, which uses artificial intelligence and machine learning to analyze user data and provide insights into how it is being used. This technology also helps users to identify potential risks associated with sharing their data, allowing them to make more informed decisions about who can access it.

Gener8’s funding round was led by venture capital firm Atomico, with additional investments from angel investors and venture capital firms. The funds will be used to further develop the app and expand its reach across Europe.

Gener8’s app is an important step forward in giving users more control over their personal data. With the ability to monetize their data and make informed decisions about who can access it, users will be able to better protect their privacy and ensure that their data is used responsibly. By providing users with this level of control, Gener8 is helping to create a more secure and transparent online environment.