TripleBlind, a Kansas City, Mo.-based creator of a data privacy and API-driven virtual exchange solution, closed an $8.2m seed financing round.
The round was led by Dolby Family Ventures with participation from Okta Ventures, NextGen Venture Partners, Operator Partners, Wavemaker Three-Sixty Health, AVG Basecamp Fund, Anorak Ventures, Quiet Capital, Clocktower Technology Ventures, Parity Responsible Technology Fund and Manresa Ventures and existing investors Accenture Ventures, Flyover Capital and KCRise Fund, which exercised their pro-rata rights and several angel investors.
The company intends to use the funds to expand operations and its business reach.
Led by Riddhiman Das, co-founder and CEO, TripleBlind leverages advanced mathematics to give organizations the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. With TripleBlind, decision-makers generate new revenue for their organizations by gaining insights faster, creating improved modeling and analysis, and collaborating effectively with customers and partners and competitors, while enabling enterprises to enforce regulatory standards, such as HIPAA, GDPR and PDPA.