Decentriq, a Swiss-based SaaS platform, receives $5 million in venture debt funding
Decentriq, a Swiss-based SaaS platform, has received $5 million in venture debt funding from Silicon Valley Bank UK. Decentriq now has a total of $25 million in investment after its Series A earlier this year. The current funding will be utilized to continue constructing a safe and private neutral ground for data collaboration. In 2021, the firm participated in the Venture Leaders Technology program and was selected as one of the TOP 100 Swiss Startups in both 2021 and 2022.
“At Decentriq, we’re proud to receive Silicon Valley Bank’s trust in providing us with additional financial liquidity for our ambitions and helping us deliver our future growth plans,” says Maximilian Groth, Co-founder & CEO of Decentriq
Decentriq is an enterprise SaaS platform that provides data clean rooms, allowing customers to utilize previously inaccessible data. It enables users to engage quickly and securely with internal or external stakeholders to generate new data value. Decentriq has established relationships with several media and pharmaceutical organizations, allowing them to utilize Decentriq’s data clean room technology powered by confidential computing. Decentriq is a founding member of the Confidential Computing Consortium, which also includes Microsoft, Google, Facebook, Intel, and Ant Group.