Inpher receives strategic investment from JPMorgan Chase & Co in a USD 10 million Series A
Our portfolio company INPHER based in New York and Switzerland, receives strategic investment from JPMorgan Chase & Co in a $10 million Series A financing also backed by Alpana Ventures.
INPHER has pioneered an advanced cryptographic Secret Computing® platform in which data remains protected while being processed.
In addition to providing privacy-compliant analytics that address new laws, such as Europe’s GDPR, the software enables machine learning models to be trained on distributed data sources without exposing any information.
“We are excited to partner with the visionary leadership of JPMorgan Chase and accelerate the emerging field of privacy-preserving machine learning,” said Jordan Brandt, CEO of INPHER.
“Advances in data science and cryptography mean that we no longer have to accept the traditional tradeoff between security, privacy and usability when handling data of any kind” said Samik Chandarana, Head of Data Analytics for the Corporate and Investment Bank at J.P. Morgan Chase.
Funds from this financing will be used to accelerate growth across global markets and meet the demand of INPHER’s data-driven Fortune 500 customers as they face increasing pressure to ensure the security and privacy of their most valued asset.