closes $15 million Series A funding to enable secure and compliant data collaboration for every organization via data clean rooms
Summary
Zürich, Switzerland, 15 March 2022 – Decentriq, a Swiss enterprise SaaS platform providing the most secure and compliant data clean rooms, today announced a $15 million Series A funding round led by Eclipse Ventures, with participation from existing investors Atlantic Labs, btov Partners, and Paladin Capital Group. Decentriq will use the investment to further accelerate the development and commercialization of its data clean rooms based on AI, state-of-the-art encryption and privacy-enhancing technologies. Further, Decentriq’s data clean rooms have been enabling banks to update their mailing list with up-to-date addresses found in the postal companies’ database. Easily and securely collaborate with stakeholders, internal or external, to derive new data value - all with guaranteed trust and privacy because of Decentriqs underlying encryption-in-use technology called confidential computing. Its leadership team has the experience and deep expertise necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel and GE.