Decentriq, a Swiss enterprise SaaS platform providing the most secure and compliant data clean rooms, has closed a USD15 million Series A funding round led by Eclipse Ventures.
Existing investors Atlantic Labs, btov Partners, and Paladin Capital Group also participated in the round.
Decentriq will use the investment to further accelerate the development and commercialisation of its data clean rooms based on AI, state-of-the-art encryption and privacy-enhancing technologies (PET).
The funding will also be used to expand the types of analytical tools available on the platform, such as Python, R and machine learning, as well as PET features like synthetic data and differential privacy, capture growing demand for secure data collaboration in new and existing markets, and grow its team across key markets in Europe, the Middle East, Asia and the US.
This latest investment comes just over a year after a USD3.8 million seed funding round in November 2020. Since then, Decentriq has started working with new customers in the private and public sector, such as the Swiss Army and Mobiliar Insurance.
