Inpher, a NYC- and Ecublens, Switzerland-based data security and machine learning provider, raised USD$10m in Series A funding.
The round was led by JPMorgan Chase & Co. with participation from existing investors including Crosslink Capital, Bowery Capital and Polytech Ecosystem Ventures.
The company intends to use the funds to accelerate growth across global markets and expand adoption among Fortune 500 customers.
Led by Jordan Brandt, Chief Executive Officer, Inpher has developed an advanced cryptographic Secret Computing® platform in which data remains protected while being processed. In addition to providing privacy-compliant analytics that address new laws, such as Europe’s General Data Protection Regulation (GDPR), the software enables machine learning models to be trained on distributed data sources without exposing any information.