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Cape Privacy
Confidential computing and encryption tools
- 21-100 employees
- B2B
- Artificial Intelligence
- Big data
- Privacy
- Machine Learning
- Data Analysis
- Cloud Computing
- Flatiron District, New York, NY
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Company mission
To help data solve important problems without compromising privacy.
Our take
Sharing and processing data can be a real advantage for individuals and businesses, but the so-called ‘data exhaust’ of unintended consequences and damages is a problem we’ve yet to get a handle on. It’s led to a situation in which, reportedly, the majority of data collected by businesses goes unused because of data security concerns. This leaves important predictive and analytic insights hidden out of reach.
Cape privacy is hoping to develop a market leading solution that takes the best from both worlds: its platform allows businesses to run predictive machine learning models using encrypted data - without ever actually decrypting it. In this way, insight can be unlocked without creating dangerous ‘data exhaust’ issues for the customers this data belongs to.
Whilst Cape Privacy’s platform is still only open to early-access clients, it’s already beginning to tilt its growth towards the financial sector. This is smart: this sector has begun to lean more heavily on ML in recent years, but has been limited in many instances by data regulations.
Steph
Company Specialist at Welcome to the Jungle
Company values
- Technology should protect our privacy by default
- Privacy-enhancing technology should be accessible to all
- Research should be published and peer-reviewed
- AI has the potential to solve some of the world’s hardest problems
Funding (2 rounds)
Apr 2021
$20m
SERIES A
Jun 2020
$5m
SEED
Total funding: $25m
Leadership
Gavin Uhma
(CTO)Has held developer roles at Techlink Entertainment and Slightly Social, and also co-founded Lightning Creative and GoInstant - which was ultimately acquired by Salesforce.
Ben DeCoste
(Co-founder)Was a developer at GoInstant, and followed the company to Salesforce after its acquisiton, where they held various developer roles. Also co-founded Sidestory.
Morten Dahl
(Chief Scientist)Previously a software engineer who taught at Aarhus University, then took on a lead engineering role at Zenly, and a lead cryptographer role at Snips. Subsequently spent time as a Machine Learning Engineer at Datadog.