This week we announced the closing of $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.
This seed round 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:
“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.”
“Accenture Ventures invested in TripleBlind again based on the positive momentum TripleBlind has experienced and the widespread interest among fintech, healthcare and other enterprises that face data privacy challenges,” said Tom Lounibos, Managing Director of Accenture Ventures. “TripleBlind’s new round of funding so soon after its initial round in November reinforces the demand for TripleBlind data privacy solutions.”
“Our team understands the challenges U.S. companies face when attempting to collaborate through sharing data in regulated industries such as financial services and healthcare,” said Nat Turner, General Partner at Operator Partners. “We are excited by TripleBlind’s ability to facilitate collaboration and enforce privacy standards within jurisdictions and in hybrid data regulation scenarios.”
Dolby Family Ventures
“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.”
NextGen Venture Partners
“We have recognized the challenges with previous data privacy solutions for a long time and have been seeking out a solution with a new approach in which to invest,” said Ben Bayat, Managing Director of NextGen Venture Partners. “As a former data scientist, I appreciate the significance and uniqueness of the TripleBlind approach that puts privacy enforcement an easy API call away, without restricting data scientists’ capability to build the right model and utilize the data to its fullest extent.”
Our announcements don’t stop here, we have more in the pipeline so be sure to keep tabs either on our website, Twitter or LinkedIn. If you’d like to learn how TripleBlind’s efficient and cost effective data privacy and clean room solution can help your business, contact us today by emailing email@example.com or visiting https://tripleblind.ai/contact/.