Funding

Secludy Raises $4M in Seed Funding Led by Impression Ventures

May 14, 2026 | By Startuprise io

Secludy, a San Francisco, CA-based privacy-tech startup serving banks, payments firms, and fintech companies, has raised $4 million in a Seed funding round led by Impression Ventures, with participation from LAUNCH and The Syndicate, Wedbush Ventures, Precursor Ventures, Hustle Fund, Script Capital, Mana Ventures, and Chispa VC.

The company plans to use the funding to grow its team, expand sales and marketing efforts, and bring its platform to more enterprise AI workflows.

Secludy is building a platform that acts as the control layer between enterprise AI systems and the privacy, legal, and security requirements needed before deployment. The platform helps AI teams move faster without increasing company risk, while giving privacy and security teams a way to approve projects more efficiently. As a result, processes that once took months of review can now be completed in days, while also helping organizations achieve stronger AI model performance than traditional approaches.

Cerchio previously worked in privacy and information security, including product privacy roles at TikTok and InfoSec compliance at PayPal. Through that experience, he saw that many AI projects in regulated industries were delayed by privacy, legal, and third-party contract reviews, which led him to start Secludy.

Secludy helps companies speed up vendor evaluations, where many enterprise AI projects often get stuck. For example, fintech companies testing AI tools for fraud analysis or customer support can evaluate vendors using realistic data without exposing real customer records, reducing review timelines from months to weeks.

"Ben and Ming have lived this problem from inside PayPal, TikTok, and enterprise AI, and built Secludy around the reality of how privacy review actually works. That combination of technical depth and firsthand founder insight was compelling to us," said Petra Griffith, Managing Partner at Wedbush Ventures.

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"Working with our LPs and portfolio companies, we keep hearing the same thing from banks and insurers: they're sitting on decades of proprietary data and know they need to train models on it, but can't do it safely. That's the gap Secludy closes. We led this round because every regulated data holder is going to need this, and this is the team to ship it," said Christian Lassonde, Managing Partner at Impression Ventures.

"Every CEO is telling their teams to ship AI. None of them wants to be the one explaining a customer data leak on the next earnings call," said Ben Cerchio, founder and CEO of Secludy. "The data that would make these models most powerful is exactly the data teams can't touch. We built Secludy to close that gap and give every enterprise a path to using their own data safely."

About Secludy

Founded by Ben Cerchio and Mingze He, Secludy helps enterprises in regulated industries use sensitive data for AI without exposing customer information. The company creates privacy protected synthetic data that closely matches real datasets, allowing businesses to train, test and improve AI models safely. Built on differential privacy technology, Secludy is designed to comply with regulations such as GDPR, CCPA and HIPAA, and runs entirely within the customers own cloud environment.

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