Participated · Seed · Mar 2021

TripleBlind provides a platform that encrypts data and enables computation without decrypting data or transferring it outside the owner’s firewall, preserving privacy and intellectual property. The platform launched in November 2020 and is compliant with data residency and privacy regulations across roughly 100 countries, including HIPAA, GDPR and CCPA. It supports a range of data types, including PII, PHI, genomic data, images and confidential financial records. TripleBlind says customers and strategic partners such as Mayo Clinic, Accenture and Okta are using the technology; Snowflake is listed as a customer. The company plans to continue developing its technology and to expand into a wider set of enterprise verticals, with traction in healthcare, financial services, media and utilities. Financially, TripleBlind has raised a $24M Series A and has raised more than $32M to date; the company says the Series A was oversubscribed and is not disclosing valuation. TripleBlind offers an API-driven virtual exchange that uses advanced mathematics to enable organizations to share, leverage and monetize regulated data (such as PII and PHI) and mission-critical enterprise data. Its solution is positioned to let decision-makers generate new revenue, gain insights faster, improve modeling and analysis, and collaborate with customers, partners and competitors while preserving privacy. The platform enables enterprises to enforce regulatory standards including HIPAA, GDPR and PDPA. TripleBlind is led by co-founder and CEO Riddhiman Das and is based in Kansas City, Mo. The company intends to use the newly raised funds to expand operations and broaden its business reach. TripleBlind offers a next-generation cryptographic data privacy and virtual clean-room solution that lets enterprises share and derive insights from sensitive data without decrypting it. Its platform targets regulated datasets including PII and PHI and is designed to help customers comply with GDPR, HIPAA, CCPA, data-residency rules and similar standards. The company positions its technology as an alternative to complex legal contracts, deidentification/anonymization workflows and other approaches such as homomorphic encryption. TripleBlind will co-innovate and accelerate commercialization through Accenture Ventures’ Project Spotlight program, working at Accenture’s Innovation Hubs, Labs and Liquid Studios. TripleBlind was founded in 2019 and is headquartered in Kansas City. The articles do not disclose revenue, user metrics, or the financial terms of the recent investment.