Riddhiman Das to Participate in MIT Media Lab Panel on Health Data Privacy Press Release

TripleBlind’s Riddhiman Das to Participate in MIT Media Lab Panel on Health Data Privacy and Data Protection as an Enabler of Innovation

WHO:

Riddhiman Das, Chief Executive Officer, TripleBlind, Mary Nunn, International Privacy Coordinator, Doctors without Borders, Shikha Jain, Asst. professor of Medicine and the Director of Communication Strategies in Medicine at the University of Illinois College of Medicine, Ramesh Raskar, Assoc. Prof at MIT Media Lab, James Smalls, Senior Interaction Designer, IDEO.

WHAT:

On March 11, Riddhiman Das will discuss data privacy and data protection principles by sharing best practices to develop the future of innovative, inclusive and transparent digital health solutions. 

This event is Part 1 of the Institute’s “Healthcare: The Digital Revolution for More Resilient Societies” series.

WHY:

Governments, NGOs, and private entities are playing distinct roles in the digitization of the healthcare sector. Privacy by design in digital health transformation and execution should be adopted as a guiding principle. The goal of this event is to provide leaders in the field with insights from data privacy and data protection experts operating in relevant fields.

WHEN:

Thursday, March 11, 2021
Health Data Privacy and Data Protection as an Enabler of Innovation
MIT Media Lab Events
11:30 am – 1:00 pm (CT)

WHERE:

Participants can register here.

About TripleBlind

Vast amounts of data stored by enterprises today are inaccessible and unmonetized due to privacy concerns and regulations. TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. TripleBlind’s next-generation cryptographic, efficient and scalable privacy and data clean room replaces ineffective workarounds: complex legal contracts, data anonymization/ deidentification, and other technologies such as homomorphic encryption, without violating GDPR, HIPAA, the California Consumer Privacy Act (CCPA) and other privacy regulations. Decision makers generate new revenue for their organizations by gaining new and deeper insights faster, creating improved modeling and analysis with better data, and collaborating more effectively with customers, partners and even competitors for mutual benefit. For more information, visit www.tripleblind.ai.

 

Contact

Victoria Guimarin
E-mail: tripleblind@upraisepr.com
Phone: +1 510.331.9548

 

TripleBlind Announces $8.2 Million in Seed Funding Press Release

TripleBlind Secures $8.2 Million in Seed Funding, Investor Group Reflects Strong Support for Breakthrough Data Privacy Approach

All Prior Investors Exercise Pro-rata Rights, Highlights Fintech and Healthcare Industries’ Need for Private Data Sharing and Collaboration

TripleBlind Improves AML Initiatives, Accelerates Creation of Accurate Diagnoses, Generates New Revenue Opportunities

Dolby Family Ventures’ Andrew Krowne Joins TripleBlind Board

KANSAS CITY, MO., March 1, 2021TripleBlind, creator of a new rapid, efficient and cost-effective data privacy and API-driven virtual exchange solution, announced today it has closed $8.2 million in seed financing led by Dolby Family Ventures with strategic investment from Okta Ventures, NextGen Venture Partners, Operator Partners, Wavemaker Three-Sixty Health, AVG Basecamp Fund, Anorak Ventures, Quiet Capital, Clocktower Technology Ventures, Parity Responsible Technology Fund and Manresa Ventures. Existing investors from the first round, including Accenture Ventures, Flyover Capital and KCRise Fund exercised their pro-rata rights and participated in the round, as did several angel investors. The round was oversubscribed.

Closing a new round after completing a pre-seed round last November, combined with the breadth and profile of investors demonstrates the widespread support for TripleBlind’s new, novel data privacy and API-driven virtual exchange approach:

  • All previous investors exercised their pro-rata rights,
  • Wavemaker Three-Sixty Health and Operator Partners are experienced healthcare industry investors,
  • Clocktower Technology Ventures and NextGen Venture Partners open the banking and financial services markets to TripleBlind.

“Okta is on a mission to securely enable any organization to use any technology. A key part of that is providing transparency into how data is being used. TripleBlind will enable our joint customers in regulated industries to leverage enterprise data that today goes largely untapped due to regulations such as CCPA and GDPR, and without compromising consumers’ privacy,” said Monty Gray, senior vice president, Corporate Development at Okta, Inc. “TripleBlind offers synergies with our existing data privacy investments and we are excited to further our relationship to provide added benefits to our customers.”

Collaboration around highly sensitive data can add tremendous value and groundbreaking innovation to address identity, fraud management, macroeconomic analysis, payments and customer success. However, most businesses are limited in their ability to access or share sensitive data due to privacy concerns and government regulations, such as HIPAA, GDPR and CCPA, as well as data residency requirements in regions such as Southeast Asia. TripleBlind’s patented, automatic de-identification and data privacy solution facilitates more efficient and scalable collaboration than alternatives like homomorphic encryption and secure enclaves. 

“With a portfolio of healthcare and biotech companies, many of which face data exchange issues, Dolby Family Ventures is enthusiastic about TripleBlind’s approach that creates and enables a more fluid data sharing process,” said Andrew Krowne, Managing Director. “We appreciate companies that build on strong, novel technical solutions and are thrilled to support TripleBlind’s potential impact across healthcare, financial services and other industries where exchange of sensitive data needs to happen.”

How TripleBlind Works 

TripleBlind encrypts but never decrypts data and algorithms, allowing only approved operations to be executed. Its API-driven virtual exchange ensures compliance for all collaborating parties as they never share raw data. On the other side, data scientists can perform all the operations they ordinarily would without the risk of working with raw data. 

“The return of all previous investors, the breadth of new investors and the oversubscription of the round demonstrate to us that data privacy experts support our new, breakthrough approach for enforcing data privacy while enabling organizations to leverage and gain insights from data,” said Riddhiman Das, co-founder and CEO of TripleBlind. “Thanks to our forward-looking investors, TripleBlind can accelerate our mission to free trapped data so enterprises can collaborate while concurrently enforcing data privacy and regulatory standards. 

Relevant News

Contact us today by emailing contact@tripleblind.ai or visiting https://tripleblind.ai/contact/ to learn how TripleBlind’s efficient and cost-effective data privacy and API-driven virtual exchange solution can help your business. 

 

About TripleBlind

TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision-makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, while enabling enterprises to enforce today’s regulatory standards, such as HIPAA, GDPR and PDPA.

 

Contact

Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
tripleblind@upraisepr.com
415.397.7600

 

TripleBlind Achieves HIPAA Compliance Press Release

TripleBlind Achieves HIPAA Compliance for Its Data Privacy Solution; Healthcare Industry Can Now Safely Utilize PHI Information

Healthcare Industry Players Can Accelerate Innovation and Improve Patient Care While Enforcing Privacy and Regulatory Standards; Healthcare Companies and Institutions Can Save Up to $1.5 Million Per Dataset Per Collaborator

KANSAS CITY, MO., Feb. 3, 2021TripleBlind, creator of a rapid, efficient and cost effective data privacy and clean room solution based on breakthroughs in advanced mathematics, announced today it has entered the $3.8 trillion healthcare market now that it has a full suite of HIPAA compliant solutions. This comes on the heels of its announcement that TripleBlind is collaborating with Mayo Clinic researchers who will use TripleBlind tools to train new algorithms on encrypted data and validate interoperability of encrypted algorithms on encrypted data and the.

By eliminating manual anonymization and simplifying the compliance and legal processes around sharing data, healthcare organizations that use TripleBlind solutions can save significant amounts of time, resources and expense. Additionally, TripleBlind’s patented automatic de-identification technology allows utilization of all the available data about a patient, including data elements that had to be stripped off during anonymization, without the possibility of identifying individuals through reverse engineering.

“Some of the largest healthcare data breaches of the past five years have single-handedly impacted as many as 80 million people – almost all of those breaches were outright caused by, or made easier, due to decrypted data,” said Riddhiman Das, co-founder and CEO of TripleBlind. “The healthcare industry still has much work to do concerning properly protecting patient data. TripleBlind’s clean room solution removes most of the risk. It is the only solution that enforces HIPAA compliance with every API call and doesn’t just rely on good-faith adherence to BAA.”

How TripleBlind For Healthcare Works

TripleBlind encrypts, and never decrypts, data or algorithms, allowing only approved operations to be executed. Its virtual clean room ensures compliance for all collaborating parties as they never share raw patient data. On the other side, data scientists can perform all the operations they ordinarily would without the risk of working with raw data.

By eliminating decryption or the manual steps involved with de-identification, TripleBlind enables:

  • Usage of all data without the risk of re-identification;
  • No exposure of any raw health data, but usage of real data for training, inference and analysis;
  • Generalization of algorithms on varied datasets to reduce bias;
  • Normalization and feature engineering of data without breaking privacy;
  • Full interoperability without any hardware dependencies or moving data outside the firewall.

Healthcare Use Cases

TripleBlind’s rapid, efficient and cost effective data privacy and data clean room solution unlocks new opportunities for the healthcare industry, such as:

  • Healthcare companies and institutions can develop more accurate and less biased novel AI models by utilizing richer, more diverse third-party clinical datasets that are currently difficult or impossible to access, while respecting patient privacy;
  • Healthcare institutions and companies can collaborate around data that’s difficult or impossible to de-identify via other means, like genetic and biometric data;
  • Digital health data platforms can allow partners to run their algorithms on its encrypted data with no chance of counter-party data abuse;
  • Research institutes can create new revenue streams by licensing AI diagnostic algorithms without fear of reverse engineering;
  • Hospitals worldwide can get access to sophisticated AI algorithms as compliance with local and regional privacy standards becomes enforceable via an API;
  • Healthcare organizations can deliver digital medicine globally and more easily enforce compliance with global privacy standards.

 

About TripleBlind

TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision-makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, while enabling enterprises to enforce today’s regulatory standards, such as HIPAA, GDPR and PDPA.

 

Contact

Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
tripleblind@upraisepr.com
415.397.7600

 

TripleBlind Expands into Asia Pacific Press Release

TripleBlind Expands into Asia Pacific to Accelerate Data Collaboration Opportunities among Enterprises

New Data Privacy and Clean Room Solution Creates Growth Opportunities through Monetizing Highly Regulated Data, Available Now through AFIN’s API Exchange Marketplace; Names Alvin Tan, Director of Business Development APAC

KANSAS CITY, MO., Jan. 20, 2021TripleBlind, creator of a rapid, efficient and cost effective data privacy and clean room solution based on breakthroughs in advanced mathematics, announced today its solution is now available for enterprises operating throughout much of South Asia and Australia. TripleBlind enables enterprises to enforce the most current data privacy standards, such as Singapore’s Personal Data Protection Act (PDPA) and is initially available through the ASEAN Financial Innovation Network (AFIN) API Exchange (APIX) Marketplace.

“ASEAN economies are projected to double GDP between now and 2030, reaching $4 trillion, with 140 million new consumers and representing 16% of the world’s consumers,” said Riddhiman Das, co-founder and CEO of TripleBlind. “We see an outstanding opportunity to work with enterprises to leverage and monetize the regulated data they possess to take advantage of the opportunities this growth creates.”

TripleBlind Commits to APAC

Asia Pacific-based enterprises have recognized the possibilities of growing their business by leveraging all available data while working to comply with the increasingly complex and rigorous data protection and cybersecurity compliance required by different countries. The unique nature of TripleBlind’s technology platform allows organizations to stay compliant with PDPA, General Data Protection Regulation (GDPR) and other regional data residency regulations.

Alvin Tan: Director of Business Development APAC

Additionally, to drive TripleBlind’s expansion into the Asia-Pacific region, the company has brought in Alvin Tan as director of business development, APAC. Alvin has nearly a decade experience developing, executing and managing sales and business strategy in Asia, Australia and the U.S.

“Total worldwide data is expected to swell to 163ZB by 2025; the sheer volume of untapped data in the Asia-Pacific market has the power to create unprecedented growth opportunities for businesses around the world,” said Tan. “TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and virtual clean room solution allows Asia-Pacific financial institutions to stay compliant with different regulatory standards by preserving privacy and security of raw data.”

Collaboration with AFIN’s APIX Marketplace

TripleBlind will initially be available through the APIX Marketplace, a global cloud-based platform that enables financial institutions and fintech companies to discover one another on a curated global marketplace, design experiments collaboratively and deploy innovative solutions quickly at a lower cost. It also includes the APIX Global Fintech Marketplace where a member can ideate on business problems and search for pre-built solutions.

How TripleBlind Works

IBM estimates that enterprises are unwilling to share 93% of their data with other companies for collaboration purposes due to government regulation and privacy concerns. TripleBlind turns this “dark data” into a valuable revenue source without introducing risk or liability, enabling novel AI/ML/analytics applications. TripleBlind allows enterprises to collaborate and gain new insights from regulated and private data, without decrypting it.

TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and data clean room solution replaces the three most common workarounds to this problem today: complex legal contracts that stifle collaboration, data anonymization and identification solutions, and other technologies such as homomorphic encryption, differential privacy and secure enclaves.

Potential Market Benefits

TripleBlind’s rapid, efficient and cost effective data privacy and data clean room solution unlocks new opportunities in a wide range of applications, such as:

  • Competitive financial institutions can collaborate for mutual benefits such as developing better anti-money laundering and privately use each other’s data to achieve an overall reduction in fraud and attain higher levels of compliance,
  • Remote hospitals can now get sophisticated diagnostic algorithms safely as well as more easily enforce compliance with local and regional privacy standards,
  • Operators of complex equipment, such as airlines, can predict the useful life of complex systems, such as engines and tap into data previously unavailable, such as that of supply chain parts suppliers, to improve predictive analysis.

To learn more about TripleBlind’s offerings for the Asia-Pacific market, contact Alvin Tan at alvin@triplebilnd.ai or on LinkedIn.

 

About TripleBlind

TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, while enabling enterprises to enforce today’s regulatory standards, such as HIPAA, GDPR and PDPA.

 

Contact

Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
tripleblind@upraisepr.com
415.397.7600

 

Mayo Clinic Press Release

TripleBlind Collaborates with Mayo Clinic on Next Generation Algorithm Sharing and Training on Encrypted Data

KANSAS CITY, Mo., Dec. 15, 2020 (GLOBE NEWSWIRE) — TripleBlind announced today it is collaborating with Mayo Clinic researchers who will use TripleBlind tools to validate interoperability of encrypted algorithms on encrypted data and the training of new algorithms on encrypted data.

TripleBlind has created a rapid, efficient and cost effective data privacy focused solution based on breakthroughs in advanced mathematics, which will be used and validated by the Mayo team. No Mayo data will be accessed by TripleBlind.

Today, health care systems have to either transfer data or algorithms outside their institution for experts to train or conduct research. The encryption conduit being evaluated will eliminate the need for data transfer or for sharing the algorithm, thus protecting intellectual property. TripleBlind’s solution functions as the innovative data encryption conduit that keeps the data and intellectual property in the algorithm secure.

“We hope to demonstrate the potential of applying TripleBlind’s data privacy and data clean room solution to accelerate how we develop, test, and deploy AI solutions in healthcare, particularly amidst heavily regulated privacy concerns,” said Riddhiman Das, co-founder and CEO of TripleBlind. “We are eager to work together with Mayo Clinic to explore TripleBlind’s encryption tools and showcase real-world applications.”

The goal of this collaboration is also to demonstrate that TripleBlind’s toolset can be applied to train entirely new algorithms from independent entities anywhere in the world without the need to share raw data, thus preserving privacy and security while meeting regulatory standards.

“Training novel algorithms on encrypted data sets and facilitating trust between independent parties is critical to the future of AI in medicine. By using advanced mathematical encryption technologies, we will greatly enhance scientific collaboration between groups and allow for more rapid development and scalable implementation of AI-driven tools to advance healthcare,” said Suraj Kapa, M.D., a practicing cardiologist and director of AI for knowledge management and delivery at Mayo Clinic.

Mayo Clinic and Dr. Kapa have financial interest in the technology referenced in this release. Mayo Clinic will use any revenue it receives to support its not-for-profit mission in patient care, education and research.

About TripleBlind

TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, without compromising safety.

For more information, please visit tripleblind.ai.

Contact

Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
tripleblind@upraisepr.com
415.397.7600

Accenture’s Press Release

Accenture Makes Strategic Investment in TripleBlind to Bolster Data Privacy and Increase Data Collaboration Opportunities

Startup joins Accenture Ventures’ Project Spotlight program to accelerate go-to-market strategy

NEW YORK; Nov. 18, 2020 – Accenture (NYSE: ACN) has made a strategic investment, through Accenture Ventures, in TripleBlind, a data privacy and virtual clean room solution provider.

Sharing and extracting insights from sensitive data, such as patient records or tax returns can help accelerate cures for diseases or reduce financial crimes, yet, concerns around data privacy and governments regulations have prevented many companies from identifying these insights to date. TripleBlind helps enterprises share sensitive information with their stakeholders more effectively – without ever decrypting the data, helping them comply with regulatory requirements.

“Organizations can yield valuable insights and unlock trapped value by combining and collaborating around large volumes and different types of data, but in order to do this they need to trust that the privacy of that data is protected,” said Shail Jain, global lead for Data & AI Group for Accenture Technology. “We believe that TripleBlind not only has the capabilities to facilitate collaborative data exchanges, but to also give organizations confidence that data privacy remains intact.”

TripleBlind is now part of Accenture Ventures’ Project Spotlight, a deeply immersive engagement and investment program that targets emerging technology software startups to help the Global 2000 embrace the power of change and fill strategic innovation gaps. Project Spotlight offers extensive access to Accenture’s deep domain expertise and its enterprise clients, to help startups harness human creativity and deliver on the promise of their technology. Through the program, TripleBlind will co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to bring its solutions to market more quickly and more effectively.

 

Accenture invests in TripleBlind, a data privacy and virtual clean room solution provider.

 

“The global market for big data and business analytics is projected to reach more than $500 billion by 2026. As that market grows, the pressure within enterprises to share data to uncover new revenue opportunities and gain competitive advantage will grow as well,” said Riddhiman Das, co-founder and CEO of TripleBlind. “TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and virtual clean room solution can replace ineffective workarounds like complex legal contracts, data anonymization or deidentification, and other technologies such as homomorphic encryption, while helping to avoid regulatory statutes and data residency violations. Accenture Ventures’ investment and our participation in its Project Spotlight program will advance and accelerate our ability to help enterprises harness the potential of sensitive data.”

Tom Lounibos, managing director, Accenture Ventures, added, “Our investment in TripleBlind demonstrates Accenture Ventures’ commitment to cultivating the latest technologies, enhanced by human ingenuity, that solve for our clients’ most critical business needs. We believe that TripleBlind offers our clients a key to enhancing data privacy while ensuring regulatory compliance – a major challenge in today’s environment.”

TripleBlind is the latest addition to the investment portfolio of Accenture Ventures, which is focused on investing in companies that create or apply disruptive enterprise technologies.

Terms of the investment were not disclosed.

About TripleBlind

TripleBlind was founded in 2019 and is headquartered in Kansas City. It’s new data privacy and virtual clean room solution enables enterprises to leverage regulated data, such as PII and PHI, and enterprise-sensitive data without violating GDPR, HIPAA, the California Consumer Privacy Act (CCPA), data residency and other standards. For more information, please visit tripleblind.ai.

About Accenture
Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Interactive, Technology and Operations services—all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 506,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at www.accenture.com.

Contact:
Christina McDonald
Accenture
+1 415 537 7997
christina.mcdonald@accenture.com

Victoria Guimarin
UPRAISE Marketing + PR for TripleBlind
+1 415.397.7600
tripleblind@upraisepr.com

Interview with Co-founder Riddhiman Das

TRANSCRIPT:

My name’s Riddhiman Das. I am CEO and co-founder of Triple Blind, and Triple Blind does privacy as a service. What that means is we enable parties to work together on data that’s sensitive because of regulatory reasons, or competitive reasons, or just plain consumer privacy reasons. And we allow those data sets to be used without violating their privacy. What motivated me to found Triple Blind was the fact that we have so much data that is being stored by enterprises, and in large companies, and banks, and healthcare institutions that just never sees the light of day. The problem Triple Blind solve for companies is one of two, typically. 

One, is either providing access to data that has historically been inaccessible because of the sensitivity around that dataset. On the other side, there are companies that have lots of data that they know is valuable to third parties, but they don’t allow them to access because of the sensitivity around that data. So, this, essentially, Triple Blind allows the latent datasets of those organizations to be monetized safely and securely without exposing them to any regulatory violations or compliance hurdles.

So, how Triple Blind is better than existing solutions is the ability to operate at scale on any kind of data on any operation. What that means is we actually can handle big data. We can do deep neural network training. We can do data processing. We can just do statistical modeling on any kind of data. This can be voice, text, video, tabular data, or images. The reason why it’s faster is because it’s not a CPU-bound isomorphic encryption. It is not hardware-bound like secure enclaves, and you don’t have to use an approximation of the data like synthetic data. This is applicable in medical fields or anywhere where you need to use real data and actually use the outliers in your analysis, as opposed to masking the outliers as you would in synthetic data.

Triple Blind’s mathematical breakthrough eliminates the need for those oblivious transfers. You accumulate less errors as you are progressing. And at the end, we offer the exact same accuracy and precision as if you were operating on unencrypted data. And it happens significantly faster than was ever possible before. In a particular healthcare use case, we enabled our healthcare partner to build an algorithm using EKGs of the heart. In this particular example, we worked with EKGs. We enabled our healthcare partner to build an algorithm that detects atrial fibrillation of the heart 13 years before their best cardiologist’s manual diagnosis. And this algorithm had significant IP and lots of… They spent millions of dollars in building this algorithm, so we were able to encrypt this algorithm using a novel invention by Triple Blind, where this protected the intellectual property and the algorithm as it was licensed to third party countries. And the specific privacy regulation in those countries was also respected because the data that was sent to this algorithm was encrypted and de-identified at the time of sending.

In financial services, what typically happens is that there are data silos. No individual, typically banks, or uses just one financial institution. We may have a credit card at a bank A, we may have a checking account at bank B, we may have an investment account and investment brokers at C. And in those cases, if you just build your anti-money laundering, or anti-terrorism funding, or credit card fraud examples with one of those datasets, you are potentially missing out on the complete financial picture of the person. We’ve been able to protect the privacy of the bank’s customer data as well as the bank’s proprietary information about that customer, while still allowing the data analyst company to have a more complete financial picture of the person, and build a more accurate and a more generalizable credit card fraud detection algorithm.

We’re very excited about Accenture’s investment because it shows that this technology is not just a scientific experiment in a lab. It is a real-world product that can be deployed today. So, Accenture’s investment reinforces to us that our particular technology approach here is credible and is market-ready so that it can be deployed at not just the customers that we sell to directly, but with Accenture’s channel partner here. It really enhances our go-to-market journey. It’s really unusual for Accenture to invest in what is our pre-seed round. We are the youngest investment ever by Accenture in the earliest stages of a company, which really shows that the conviction they had in Triple Blind and its ability to solve this problem.

Some of our angels include Brian McClendon, who was the founder of Google Maps, and Google Earth, and the founder of Uber Maps as well. They include Manik Gupta, the Chief Product Officer of Uber, as well as people that have started and sold technology high-scale businesses in the past. In addition to that, we have had participation from Flyover Capital, a partner that we’re really excited about. The fundamental design principle that we’ve used in Triple Blind is to essentially be the Stripe of privacy. Triple Blind, similarly, is accessible to any engineer or product people with very little overhead. You can get up and rolling in under a day. If you want to try this, and you think Triple Blind can help you access more data, or safely, securely, let others access your data or comply with privacy regulation via technology, please reach out at tripleblind.ai. We’ve got wonderful use cases that you can study to see how it might be applicable in your use case. You can get a demo or you can just drop us a note at contact@tripleblind.ai.

Q&A with Tom Lounibos, Managing Director of Accenture Ventures

Q. Why is Accenture Ventures interested in investing in data privacy technology?

A. Accenture Ventures is focused on cultivating emerging technologies that solve for our clients’ most critical business needs. Many global enterprises are struggling to unlock trapped value in their data and data privacy concerns, and regulatory mandates are a huge part of that. Global organizations need to be able to effectively use their data and that includes collaborating with other companies, partners and competitors. Advanced data privacy solutions close that gap.

Q. Why did you select TripleBlind?

A. TripleBlind offers a high degree of privacy and interoperability, without compromising flexibility or accuracy of the operations performed on the data. From training deep nets on images, to big data processing, TripleBlind can help capture value while enhancing compliance with global privacy regulations.

Q. What aspects of TripleBlind’s technology are unique?

A. Many companies track and monetize sensitive personal information, but doing so securely – particularly when sharing that data with other companies — is a significant challenge. TripleBlind’s approach allows enterprises to share the information and insights of their data, without sharing the data itself. This is a much more effective and elegant solution then complex contracts and other types of technologies available today.  

“TripleBlind’s approach allows enterprises to share the information and insights of their data, without sharing the data itself. This is a much more effective and elegant solution then complex contracts and other types of technologies available today. ” 

Q. In addition to providing pre-seed funding, how will Accenture Ventures support TripleBlind?

A. As part of Accenture Ventures’ Project Spotlight program, TripleBlind will get extensive access to our technology domain experience. We’ll co-innovate with them at our innovation hubs, labs and liquid studios to help them refine their product-market fit. We’ll also connect TripleBlind with other companies in the Accenture Ventures ecosystem, both to help them sell in their solutions and to create technology and distribution partnerships. In fact, TripleBlind is already talking to another Project Spotlight company we invested in this summer that has a complementary solution.