Decentriq, a Zurich, Switzerland-based enterprise SaaS platform that provides a secure and compliant data clean room platform, announced that it closed $5 million in venture debt funding from Silicon Valley Bank UK, bringing Decentriq's total funding to $25 million.
The additional fund will be used to continue building the Switzerland of Data—a neutral ground for data collaboration that is secure and confidential.
Maximilian Groth, co-founder and CEO of Decentriq, said: "At Decentriq, we're proud to receive Silicon Valley Bank's trust in providing us with additional financial liquidity for our ambitions and helping us deliver our future growth plans."
The company participated in the Venture Leaders Technology program in 2021 and was named one of the TOP 100 Swiss Startups in 2021 and 2022.
In recent months, Decentriq announced collaborations with multiple media and pharma companies, leveraging Decentriq's data clean room platform powered by confidential computing.
Company: Decentriq
Raised: $5.0M
Round: Venture Debt Funding
Funding Month: November 2022
Lead Investors: Silicon Valley Bank UK
Additional Investors:
Company Website: https://www.decentriq.com/
Software Category: Data-Centric Security Software
About the Company: Decentriq is an enterprise SaaS platform providing data clean rooms and a founding member of the Confidential Computing Consortium, including Microsoft, Google, Facebook, and Intel. Decentriq's enterprise SaaS platform allows users to easily and securely collaborate with internal or external stakeholders to derive new data value. Decentriq's data clean rooms are designed to protect the world's most sensitive data while working with external parties. It enables companies around the globe to collaborate with other organizations on their most sensitive datasets and create value for their clients. Its data clean rooms are powered by confidential computing
Source: https://www.venturelab.swiss/Decentriq-secures-USD-5-million-in-venture-debt-financing-from-Silicon-Valley-Bank