Decentriq Secures $5M in Venture Debt Funding from Silicon Valley Bank – Venturelab


03.11.2022 12:00, Morgane Ghilardi

Decentriq, a Swiss enterprise SaaS platform providing a secure and compliant data cleanroom platform, announced today that it has received $5 million in venture debt funding from Silicon Valley BankUK. This leads to a total of $25 million in funding for Decentriq following its Series A earlier this year. The company participated in the Venture Leaders Technology program in 2021 and was named one of the top 100 Swiss startups in 2021 and 2022.

Decentriq’s The enterprise SaaS platform enables users to easily and securely collaborate with stakeholders, internal or external, to derive new value from data. Over the past few months, Decentriq has announced collaborations with several media and pharmaceutical companies that leverage Decentriq’s data cleanroom platform powered by confidential computing.

Microsoft reported Decentriq’s work with Roche and Ringier in September. In the same month, Goldbach announced its collaboration with Decentriq.

The additional funding will be used to continue the construction of the The Switzerland of data— a neutral ground for data collaboration that is secure and confidential.

Maximilian Groth, co-founder and CEO of Decentriq, said, “At Decentriq, we are proud to have the trust of Silicon Valley Bank to provide us with additional financial liquidity for our ambitions and to help us achieve our future growth plans. .

Ben Tickler, Managing Director, Venture & Growth at Silicon Valley Bank UK, said: “It’s great to be part of Decentriq’s journey as they look to expand. We are excited to work with the team and support this exciting new phase of growth. .”

A jury of investors and experts ranked Decentriq among the TOP 100 Swiss Startups in 2021 and 2022.

The startup was also selected to be one of the Venture Leaders Technology 2021. “During the Venture Leaders Technology 2021 trip, I had excellent exposure to Silicon Valley investors,” said Maximilian Groth, “so I highly recommend this program to all Swiss entrepreneurs.”

Decentriq founders Stefan Deml (CTO) and Maximilian Groth (CEO)

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Decentriq is an enterprise SaaS platform providing data cleanrooms – enabling users to leverage data previously impossible. Collaborate easily and securely with stakeholders, internal or external,… Read more

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