- Berlin-based deep tech startup Apheris raised funding from institutional investors and angel investors, including Twitter chair Patrick Pichette, in a $3 million seed fundraising round.
- Apheris helps private companies navigate the complexities of local data privacy laws, allowing them to extract insights from datasets through the use of AI technology.
- We got an exclusive look at the pitch deck Apheris used to bring investors on board.
- Visit Business Insider's homepage for more stories.
Patrick Pichette, the chair of Twitter's board of directors and Google's ex-CFO, has backed deep tech startup Apheris in a $3 million seed funding round alongside other investors.
Founded in 2019, Apheris helps clients analyze data without risking privacy infractions. The free flow of internal data can be a minefield for private businesses, with large bulks of valuable information remaining unusable or unshareable due to privacy, compliance, legal or security concerns.
Apheris is a software-as-a-service company and CEO and cofounder Robin Rohm told Business Insider its pricing structure depended "on the use case and the data ecosystem that it's empowered".
"There are other companies that focus on federated machine learning to enable computing on static and structured data, but they do not enable a data scientist to do data science on third-party data," he added.
"Apheris provides an interface to data scientists that allows them to do real R&D and data science while preserving data privacy and ownership."
The firm said that, less than one year after launch, it had worked with around seven clients, including "top pharmaceutical, chemical, telecommunication, and manufacturing companies."
Seed investor LocalGlobe led the round alongside Dig Ventures and Pichette. Additional investors include another.vc, System.One, and angel investors Charles Songhurst, NaturalMotion founder Torsten Reil, and Songkick founder Ian Hogarth.
Check out the pitch deck that brought them on board below:
https://ift.tt/2FHNDqP