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Toronto startup backed by AI experts aims to bring Google-quality predictive language to the masses
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Today in funding: Cape Privacy, Plooto, Lumeto, ReelData, Heirlume, Axya
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Cape Privacy Raises $20M in Series A Funding
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Cape Privacy announces $20M Series A to help companies securely share data
Cape Privacy, the early stage startup that wants to make it easier for companies to share sensitive data in a secure and encrypted way, announced a $20 million Series A today.
Evolution Equity Partners led the round with participation from new investors Tiger Global Management, Ridgeline Partners and Downing Lane. Existing investors Boldstart Ventures, Version One Ventures, Haystack, Radical Ventures and a slew of individual investors also participated. The company has now raised approximately $25 million including a $5 million seed investment we covered last June..
Cape Privacy CEO Ché Wijesinghe says that the product has evolved quite a bit since we last spoke. “We have really focused our efforts on encrypted learning, which is really the core technology, which was fundamental to allowing the multi-party compute capabilities between two organizations or two departments to work and build machine learnin