Decentriq completes a series A investment funding with Paladin Capital Group

Decentriq, a Swiss enterprise SaaS platform providing secure and compliant data clean rooms on-demand, signed a USD 15 million series A financing round led by Eclipse Ventures, with participation from existing investors as Atlantic Labs, btov Partners and Paladin Capital Group.

Powered by encryption in-use technology called confidential computing, Decentriq’s data clean rooms ensure that no one but the data owner can access their raw data uploaded onto the platform. This ensures that the data owner remains in full control of their data and thus completely preserving data privacy and adhering to the strictest regulatory standards such as GDPR.

Decentriq will use the investment to further accelerate the development and commercialization of its data clean rooms based on AI, state-of-the-art encryption and privacy-enhancing technologies (PET). The funding will also be used to expand the types of analytical tools available on the platform, such as Python, R and machine learning, as well as PET features like synthetic data and differential privacy, capture growing demand for secure data collaboration and grow its team across key markets in Europe, the Middle East, Asia and the US.

This latest investment comes just over a year after a USD 3.8 million seed funding round in November 2020. Since then, Decentriq has started working with new customers in the private and public sector, such as the Swiss Army and Mobiliar Insurance.

BianchiSchwald acted as Paladin’s legal counsel in the round. Paladin Capital Group, headquartered in Washington D.C.,global investor that supports and grows innovative cyber companies through venture investment, expansion and growth capital.

The BianchiSchwald team was led by partner Manuel Bianchi della Porta (corporate/m&a, pictured) and included Daima Vuilleumier (associate, corporate/m&a).