Berlin-based startup Statice that offers software for automated data anonymisation has raised a “substantial seven-figure financing” round led by Capnamic Ventures, with participation from WestTech Ventures.
Statice emerged from Berlin-based company builder WATTx in 2018 with a product that helps businesses “process and analyse sensitive personal data freely and in compliance with data protection regulations,” and first of all GDPR. Initially, the startup focussed on the healthcare industry but now plans to broaden its scope and target other domains.
“Customer data is increasingly becoming the primary source for product innovations,” said Sebastian Weyer, CEO and co-founder of Statice. “At a time when data protection is playing an increasingly important role, especially as a result of the GDPR, the free and secure use of such data is practically impossible for companies. We enable companies to anonymise sensitive data and process it in a privacy-preserving manner. For example to develop new AI applications — internally or by sharing the data with partners.”
In the photo, left to right: Statice co-founders Mikhail Dyakov, Sebastian Weyer, and Omar Ali Fdal.