Apheris announced €2.5 million investment from LocalGlobe, Dig Ventures and angel investors.
Apheris, a Berlin, Germany-based deeptech company, announced raising €2.5 million ($3M) in a seed investment round.
The funding process was led by the UK-based seed investor LocalGlobe with Patrick Pichette (board chairman for Twitter) and Dig Ventures and included participations from another.vc, System.One, and angel investors Charles Songhurst, Torsten Reil and Ian Hogarth.
Proceeds will be used to expand the business as well as address new industry use cases, and hire talent in engineering, R&D data scientists and customer success.
Apheris, founded in 2019 by Robin Röhm (CEO) and Michael Höh, enables enterprises to collaborate and analyse data securely without compromising privacy. The company's technology allows large organisations, including pharmaceutical, chemical, telecommunications and manufacturing companies, to share data securely with a combination of decentralised computing, federated learning and cryptographic protocols.
Prior to this round, Apheris raised €1.2 million, including a StartupSecure research grant from the German Federal Ministry of Education and Research of €750k.