In an era where data privacy is paramount, Utrecht-based Roseman Labs is gaining significant attention in the tech world. The company has acquired €5 million in Series A funding to propel its mission of facilitating secure and confidential data collaboration. This achievement highlights the growing need among organizations to balance data utility with stringent privacy requirements. With advancements in technology constantly evolving, Roseman Labs aims to stay at the forefront by enabling organizations across various sectors to collaborate on sensitive data securely. This funding marks a vital step in their journey to enhance privacy-preserving technologies.
A prior investment round three years ago saw Roseman Labs raise €4 million. Since then, there has been a noticeable progression in its journey. Many investors continue to show confidence in the company’s potential. Their expanding footprint in privacy-focused tech showcases the ongoing interest and trust Roseman Labs has cultivated. Recent developments further demonstrate their commitment to not only sustaining but also significantly boosting their capabilities in data privacy.
Who Participated in the Funding?
The investment round was spearheaded by G+D Ventures, followed by Swiss Post, Mozilla Ventures, and NGS Capital. Other notable participants included Matterwave Ventures, Spacewalk VC, and NP Hard Ventures. The new funding provides resources for extensive commercial expansion in Europe, including the UK, and to broaden partnerships in both Europe and the USA.
What Will the Funds Be Used For?
Funds will be directed towards the development of the Trusted Collective Intelligence platform, utilized by over 150 institutions across healthcare, national security, and financial sectors. Advancement and integration of such technologies ensure strengthened data collaboration and security.
Roderick Rodenburg, CEO of Roseman Labs, expressed the intentions behind investor selection:
“We were deliberate in choosing investors who bring deep expertise in Banking and National Security—areas central to our mission.”
The contributions from G+D Ventures provide robust expertise, given their widespread trust within the financial arena.
Alberto Pérez Arranz, Investment Manager at G+D Ventures, emphasized their belief in Roseman Labs’ potential:
“After years of research in privacy-enhancing technologies, we see Roseman Labs as uniquely positioned to deliver secure private computing that is practical and easy to adopt by organisations.”
This reinforces the heightened emphasis on security within the company’s infrastructure.
The key technology underpinning their platform is advanced Multi-Party Computation (MPC), which allows encrypted data to be analyzed without compromising privacy. This innovation helps institutions make informed decisions based on sensitive data while maintaining security standards.
The company’s infrastructure is compliant with European cloud standards, supporting high levels of data privacy, sovereignty, and regulatory adherence. The benefits of the Trusted Collective Intelligence platform extend across sectors, emphasizing secure AI application integration while avoiding risks involved in sensitive data exchanges.
There has been a marked shift in how organizations approach data privacy, moving towards secure computing solutions without revealing sensitive data. Institutions are increasingly reliant on such platforms to safely integrate Artificial Intelligence into their data processes.
