Observed Signal · Nov 8, 2022 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Apheris Raises €8.7M Seed Led by Octopus Ventures
Apheris, a Germany-based collaborative data engineering platform, has raised €8.7 million in a seed funding extension led by London-based VC Octopus Ventures, with participation from LocalGlobe, Dig Ventures, Another.VC, Heal Capital, and other investors, including former Google CFO Patrick Pichette. The funding builds on the company's original €2.5 million seed round from 2020. Apheris enables organizations to securely collaborate on data using federated learning, differential privacy, and secure multi-party computation, keeping data within its owner's environment. This approach helps AI train on more complete datasets while preserving privacy. Early clients include BMW, BASF, and Johnson & Johnson's JLABS innovation arm. The company was founded three years ago by Robin Rohm and Michael Hoh.
Seed funding for a privacy-enhancing data collaboration platform, relevant to AI and data infrastructure but with limited immediate industry impact.
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Key Takeaways & Evidence Grounding
- Apheris raised €8.7 million in a seed funding extension led by Octopus Ventures.
- The round included participation from LocalGlobe, Dig Ventures, Another.VC, Heal Capital, and individual investors.
- Apheris uses federated learning, differential privacy, and secure multi-party computation for data collaboration.
- The funding extends the original €2.5 million seed round from 2020.
- Early clients include BMW, BASF, and Johnson & Johnson's JLABS.
Connected Companies & Entities
3 Entities mapped“JLABS - an innovation arm of health products firm Johnson & Johnson....”
“Among the early clients using the Apheris technology are car maker BMW....”
“Berthold von Freyberg (usually invests as co-owner of VC firm Target Partners)....”
Ontology Mapping & Concepts
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