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Cape Privacy Launches Privacy Platform for Collaborative Data Science and Machine Learning; Raises $5 Million in Seed Funding

Jun 24, 2020•about 5 years ago

Amount Raised

$5 Million

Round Type

seed

Description

Cape Privacy, a privacy platform for collaborative data science and machine learning, announces today the launch of its open source platform as it secures $5 million in seed funding. The funding was co-led by boldstart ventures and Version One with participation from Haystack, Radical, and Faktory Ventures. Cape Privacy helps enterprise companies maximize the value of their data by providing an easy-to-use collaboration layer on top of advanced privacy and security technology. It builds trust over time in and across organizations with encrypted data-sharing for industry advancement and social good.

Company Information

Company

Cape Privacy

About

Cape Privacy offers an enterprise SaaS platform for encrypted learning combining advanced machine learning and cryptography. With Cape’s technology, privacy is protected by default as companies collaborate with external parties to improve data models and increase business value—without ever having their sensitive data exposed. Cape Privacy's platform is flexible, adaptable and open source. Based in New York City and Halifax Canada with a fully distributed team from Europe to California. The Company is backed by Evolution Equity Partners; Tiger Global Management; boldstart ventures; Version One Ventures; Ridgeline Partners; Haystack and Radical Ventures.

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