Inpher announced getting funded by Amazon Alexa Fund.

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Inpher, Inc., a Lausanne, Switzerland and New York, USA-based software development company, announced that it secured a strategic investment from the Amazon Alexa Fund

Financial details were not disclosed. The funds will be used for go-to-market and product development.

Inpher, founded in 2015 by Dimitar Jetchev and Jordan Brandt, developed an enterprise-ready software platform providing turnkey privacy-preserving capabilities in Multi-Party Computation (MPC), Federated Learning (FL) and Fully Homomorphic Encryption (FHE) for collaborative and mathematically secure computing. The playform has an extensive suite of features and integrations, and is aimed at customers active across financial services, healthcare, IoT and consumer devices.

Inpher previously raised about $14 million and existing investors include JPMorgan Chase & Co, Crosslink Capital, Bowery Capital and Alpana Ventures.

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