- Twitter chair Patrick Pichette just backed Berlin-based deep tech startup Apheris in a $3 million seed fundraising round.
- Apheris helps private companies navigate the complexities of local data privacy laws, allowing them to extract insights from datasets through the use of AI technology.
- A growing industry, the application of deep tech in privacy is predicted to be worth $50 billion globally by 2027, according to analysts at Meticulous Research.
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Patrick Pichette, the chair of Twitter's board of directors and Google's ex-CFO, has backed deep tech startup Apheris in a $3 million seed funding round.
Founded in 2019, Apheris helps clients analyse data without risking privacy infractions. The free flow of internal data can be a minefield for private businesses, with large bulks of valuable information remaining unusable or unshareable due to privacy, compliance, legal or security concerns.
Apheris is part of Europe's burgeoning enterprise software market, which has produced high-flying startups such as Darktrace and UiPath.
Seed investor LocalGlobe led the round alongside Dig Ventures and Pichette. Additional investors include Another.vc, System.One, and angel investors Charles Songhurst, NaturalMotion founder Torsten Reil, and Songkick founder Ian Hogarth.
"What this year has crystallized is that the world's largest problems — from fighting pandemics and disease spread to developing life-saving drugs and reducing climate change — require collaborative efforts to solve," said CEO and cofounder Robin Röhm.
"Apheris is the solution to enabling new ways to solve the complex problems of our time without sacrificing privacy or security."
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