Apheris, a deeptech company based in Berlin, has raised €2.5 million to help corporate enterprises collaborate and analyse data without compromising privacy. UK-based seed investor LocalGlobe led the investment round with Patrick Pichette, former CFO of Google and current board chairman for Twitter, and Dig Ventures, the family office of MuleSoft founder Ross Mason. Additional investors include another.vc, System.One and some angel investors.
Claiming profitability already, Apheris was founded by Robin Röhm and Michael Höh in January 2019 and launched its product that September. With a combination of decentralised computing, federated learning and cryptographic protocols, the technology allows large organisations (such as pharmaceutical, chemical, telecommunications and manufacturing companies) to share data securely.
“What this year has crystallised is that the world’s largest problems — from fighting pandemics and disease spread to developing life-saving drugs and reducing climate change — require collaborative efforts to solve. Access to the right data should not be the limiting factor to finding solutions and accelerating R&D and innovation,” says Röhm, the company’s CEO.
The startup has raised a total of €3.7 million, including a StartupSecure research grant from the German Federal Ministry of Education and Research for €750,000. The fresh seed funding will help grow the company, address new industry use cases, and hire talent in engineering, R&D data scientists and customer success.
Photo: Apheris founders Robin Röhm and Michael Höh