Data security pioneer Tune Insight bags $3.4m in seed funding round

Data security pioneer Tune Insight bags $3.4m in seed funding round

Tune Insight, the forward-thinking company, is transforming how businesses interact with sensitive data, ensuring that this crucial information stays protected while allowing companies to fully exploit their data and models.

This game-changing approach not only ensures optimal security but also envisions a profitable future for data collaboration.

The firm recently celebrated a successful funding round, raising a significant $3.4m. This financial backing came from an array of investors, with 14Peaks Capital leading the charge, followed by, Debiopharm, and Zurich Cantonal Bank. Existing investor, Wingman Ventures, also chipped in.

Focusing on their offerings, Tune Insight stands out as a beacon in the realm of confidential collaborative analytics and privacy-preserving machine learning. Founded in 2021 by Juan R. Troncoso Pastoriza, Frederic Pont, Romain Bouyé, and Jean-Pierre Hubaux, the startup aims to combat the prevalent issues faced by companies. These problems include cyber threats, regulatory constraints, and the fear of losing a competitive edge when sharing sensitive data.

The newly acquired funds will be allocated towards enhancing Tune Insight’s role in the healthcare, financial services, and cybersecurity sectors. Moreover, there’s a clear intent to bolster their sales and marketing teams while also focusing on expanding their footprint in Europe and the US.

The brainchild of a collaboration between Swiss hospitals and the Swiss Federal Institute of Technology, Tune Insight was born out of a need. Hospitals were keen to share data without compromising patient confidentiality. Today, establishments like University Hospital Zurich, CHUV in Lausanne, and Inselspital in Bern utilise Tune Insight’s advanced capabilities. Their solutions range from survival analysis for precision oncology to anti-money laundering initiatives in financial services.

Tune Insight CEO Juan Ramon Troncoso-Pastoriza shared his perspective, “Building a company from the ground up is a process that takes time and commitment. The Venture Kick program plays a key role in the early stages of the creation and development of many Swiss startups… and was especially important for us as a B2B software startup, where initial sales cycles are long and the path to signing first customers is not straightforward.”

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