STRM Privacy, a Rotterdam, NL-based data platform that brings privacy-by-design to data streams, announced that it raised €3 million in its Seed round of funding to help data teams build for privacy in data pipelines.
The round was led by Singular and Data Community Fund, along with angel investors including Charles Songhurst and the founders from Mendix, Algolia, and Swapfiets.
Company: Stream Machine B.V.
Round: Seed Round
Funding Month: November 2021
Lead Investors: Singular and Data Community Fund
Additional Investors: Charles Songhurst, the founders of Mendix, Algolia, and Swapfiets
Company Website: https://strmprivacy.io/
Software Category: Data platform
About the Company: Founded in 2020 by Bart Voorn and Pim Nauts, STRM Privacy is a data platform designed around privacy. By deeply integrating data shape, consent and classification, privacy is embedded into data generation instead of as an afterthought. The company’s founding team claims to have experienced the challenges of embedding privacy into data pipelines and creating value for customers when they worked in research, Machine Learning (ML), and data engineering at e-commerce platform bol.com and food retailer Ahold Delhaize. The company helps collect customer data in real-time with privacy and usability built-in and makes it directly available for analytics, data science, and machine learning applications.