Accenture (NYSE: ACN) through Accenture Ventures, made a strategic investment in TripleBlind, a Kansas City-based data privacy and virtual clean room solution provider.
The amount of the deal was not disclosed.
Founded in 2019 by Riddhiman Das, CEO, TripleBlind helps enterprises share sensitive information with their stakeholders effectively – without decrypting the data, helping them comply with regulatory requirements. It’s new data privacy and virtual clean room solution enables enterprises to leverage regulated data, such as PII and PHI, and enterprise-sensitive data without violating GDPR, HIPAA, the California Consumer Privacy Act (CCPA), data residency and other standards.
TripleBlind is now part of Accenture Ventures’ Project Spotlight, an engagement and investment program that targets emerging technology software startups to help the Global 2000 embrace the power of change and fill strategic innovation gaps. Through the program, TripleBlind will co-innovate with Accenture at its Innovation Hubs, Labs and Liquid Studios, working with subject matter experts to bring its solutions to market more quickly and effectively.