Apheris, a Berlin, Germany-based deep tech company, raised €2.5m in seed funding.
The round was led by LocalGlobe with participation from Dig Ventures, the family office of MuleSoft Founder, Ross Mason, and Patrick Pichette, former CFO of Google and current board chairman for Twitter, another.vc, System.One, and angel investors Charles Songhurst, NaturalMotion founder Torsten Reil, and Songkick founder Ian Hogarth.
The company intends to use the funds to hire talent in engineering, R&D data scientists, and customer success, and address new industry use cases.
Founded by three-time collaborators Robin Röhm and Michael Höh in January 2019, Apheris uses technologies and techniques, including decentralised computing, federated learning, and cryptographic protocols to preserve privacy and protect data in environments with zero or low trust. Its international customers are using the platform for drug discovery, new product R&D, and supply chain optimisation to improve business processes, put new products into production, accelerate innovation, and unlock new insights from data.
The company has raised a total of more than €3.7m, including a StartupSecure research grant from the German Federal Ministry of Education and Research for €750,000. It is based in Berlin and is a team of ten PhDs, data scientists, and engineers, each an expert in their field.
Apheris is already profitable, working with leading pharmaceutical, chemical, telecommunications, and manufacturing companies.