Personal data technology platform Dataswift raises £1.6m
Summary
The round was led by IQ Capital, with participation from Pacific & Orient Properties Ltd and Alphanumeric Corporation. The company’s platform enables consumers to interact with companies’ apps and websites using their “personal data account,” storing all the sensitive personal information that would otherwise have to sit on the company’s own servers. When these are resolved, personal data in the online economy will power numerous advances in healthcare, finance, communications, commerce, and artificial intelligence. Professor Irene Ng, CEO of Dataswift said: “Personal data account technology should be an essential part of a developer’s tool kit, as they build ethical, useful, and data-rich websites and applications. “Dataswift’s approach elegantly addresses one of the fundamental issues with the architecture of the Internet today, and we are glad to support their global rollout.”