BeeKeeperAI, a San Francisco, CA-based company specializing in zero-trust collaboration software for AI development and deployment, closed $12.1 million in Series A financing.
The round was led by Sante Ventures, with participation from various notable investors, including the Icahn School of Medicine at Mount Sinai, AIX Ventures, Continuum Health Ventures, TA Group Holdings, and UCSF.
The company plans to utilize the new funds to enhance the capabilities of its EscrowAI platform and expand its commercial operations.
The company's flagship product, EscrowAI, is a patent-protected, zero-trust collaboration platform. It recently achieved general availability and seamlessly integrates with Microsoft Azure's confidential computing capabilities.
“BeeKeeperAI is poised to drive the adoption of zero-trust, confidential computing capabilities by enabling secure collaboration workflows between AI developers and stewards of privacy protected information,” said Michael Blum, MD, CEO and Co-founder of BeeKeeperAI.“With this funding, we will expand the capabilities of EscrowAI and capitalize on the rising demand for zero-trust computing environments that power AI development. Market forces within healthcare and other regulated data industries, powered by the growing demand for AI solutions, including large language models such as ChatGPT, have created the ideal opportunity for BeeKeeperAI to expand our leadership position in the confidential computing space. There has never been a better time to invest in further development of software-as-a-solution (SaaS) that leverages the secure capabilities of confidential computing.”
BeeKeeperAI is a member of Microsoft for Startups and Microsoft's Pegasus program, leveraging Azure services within the EscrowAI platform. Microsoft customers have the option to directly purchase EscrowAI from Microsoft, simplifying the procurement process.
Company: BeeKeeperAI, Inc.
Raised: $12.1M
Round: Series A
Funding Month: June 2023
Lead Investors: Sante Ventures
Additional Investors: Icahn School of Medicine at Mount Sinai, AIX Ventures, Continuum Health Ventures, TA Group Holdings, and UCSF
Company Website: https://www.beekeeperai.com/
Software Category: Zero-Trust Collaboration Software
About the Company: BeeKeeperAI is the pioneer in confidential, sightless computing within a zero-trust architecture for the development and deployment of AI in healthcare and other privacy-protected data. BeeKeeperAI’s flagship product, EscrowAI, is a patented collaboration workflow solution that sets a new standard in sightless computing. The platform leverages a hardware-based secure enclave environment to bring together the encrypted data and algorithm, where they unencrypt in protected memory and execute the computation. BeeKeeperAI is accelerating the broader availability of AI-powered solutions that will help redefine the future of healthcare and commerce.
Source: https://www.businesswire.com/news/home/20230627557421/en/BeeKeeperAI-Raises-12.1-Million-Series-A-to-Accelerate-AI-Development-on-Privacy-Protected-Healthcare-Data