TripleBlind Secures $ 24 Million Series A Funding Led By

  • Enables businesses to unlock and market massive amounts of unused data *
  • Mayo Clinic Joins Round as Strategic Investor and Expands Equity Position
  • Accenture and Mayo add observers to board

KANSAS CITY, Missouri, October 18, 2021 (GLOBE NEWSWIRE) – Triple blind, the private data sharing company that offers a proprietary cryptographically enforced data privacy solution, today announced that it has received $ 24 million in an oversubscribed Series A funding led by General Catalyst and Mayo Clinic. This round follows TripleBlind’s pre-seed raise of $ 8.2 million announced in March 2021.

TripleBlind’s solution enables entities to share and collaborate with data anywhere in the world. without the need to share raw data, thus preserving privacy and security while meeting regulatory standards (including with data while enforcing privacy and data residency regulations now in place in over 100 countries , including HIPAA and GDPR, as well as similar regulations in four US states, such as the California CCPA).

“When we launched last November, TripleBlind’s solution was primarily focused on healthcare organizations, in order to share data more effectively while enforcing HIPAA and GDPR,” said Riddhiman Das, Co-Founder and CEO of TripleBlind. “Today, interest has grown exponentially and now includes leaders in financial services, media and telecommunications, energy and many other industries where sharing of data assets is essential for sustained growth. and long term. The keen interest of our current and new investors highlights the growing need in the market for effective and efficient data privacy solutions. “

“TripleBlind is an incredible platform for enabling businesses to collaborate on data while preserving privacy, data rights and intellectual property. Particularly important today in the healthcare industry, as the lack of data mobility results in fragmented and suboptimal care, ”said Quentin Clark, CEO of General Catalyst. “At General Catalyst, we believe that TripleBlind’s platform for enabling teams to work together with the most private and sensitive data is a necessary part of how businesses can be agile while respecting privacy. of their customers and the intellectual property of their partners. We are thrilled to be working with the TripleBlind team as they work to achieve their mission. “

“Bringing together AI algorithms and data in a way that preserves privacy and intellectual property is one of the keys to delivering the next generation of digital medicine,” said John Halamka, MD, president of Mayo Clinic Platform, who joins the TripleBlind board of directors as an observer. . “These new privacy-protected solutions promise to usher in a new era of collaboration.”

In addition to General Catalyst and Mayo Clinic, Series A participants include AVG Basecamp Fund, Accenture Ventures, Clocktower Technology Ventures, Dolby Family Ventures, Flyover Capital, KCRise Fund, NextGen Venture Partners and Wavemaker Three-Sixty Health.

About the triple blind

TripleBlind offers exclusive cryptographic privacy for data and algorithms, allowing institutions to collaborate around the most private and sensitive data without it ever being decrypted or leaving their firewalls. TripleBlind Keeps data private and in place while allowing authorized operations on any type of data, any algorithm, computable by third parties in real time. TripleBlind does not host or access data. Two-minute triple-blind presentation video

The TripleBlind private data sharing solution unlocks the estimated 43 ZBs of data stored by businesses today that is inaccessible and unmarketed due to privacy, operational complexity and regulatory concerns. The company’s patented breakthroughs in advanced mathematics enable organizations to secure larger and more diverse datasets for improved innovative algorithms for medical diagnostics and enhanced anti-fraud initiatives in financial services. It is the only technology that allows companies to get data to market quickly while maintaining compute performance; allow analysis of all types of data, such as PII, PHI, genomic data, images and confidential financial records; and enforcing compliance with all international and regional data privacy standards, including HIPAA, GDPR, PDPR and CCPA.

TripleBlind technology differs significantly from existing solutions and is not based on homomorphic encryption, secure enclaves, tokenization / masking / hashing and differential privacy, synthetic data, federated learning, and blockchain. See the competing solutions section on our website. For a preview, live demonstration, or an hour-long hands-on workshop, [email protected].

About General Catalyst

General Catalyst is a venture capital firm that invests in powerful, positive and lasting change – for our entrepreneurs, investors, employees and society. We support founders with a long-term vision that challenge the status quo, partnering with them from seed to growth and beyond to create businesses that stand the test of time. With offices in San Francisco, Palo Alto, New York, London and Boston, the company has helped support the growth of companies such as: Airbnb, Deliveroo, Guild, Gusto, Hubspot, Illumio, Lemonade, Livongo, Oscar, Samsara , Snap, Stripe and Warby Parker. For more information: www.generalcatalyst.com.

Contact
Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
[email protected]
415.397.7600

To note: This article says IDC claims that 64.2 ZB of data was created in 2020. This article cites a Seagate survey that found 68% of data is not being mined. .68 x 64ZB = 43.5ZB

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