The startup offers a data infrastructure platform that enables secure collaboration among multiple parties while maintaining data ownership and privacy. Its technology features smart access rights management and customized integrations, allowing clients to share and compute data without the risk of privacy leakage.
Funding
$20M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In collaborative data environments, organizations face challenges in securely sharing and computing data due to privacy concerns and the risk of data leakage. Traditional methods often require compromising data ownership or exposing sensitive information, hindering innovation and cross-organizational collaboration.
Solution
Privasea provides a data infrastructure platform that enables secure, privacy-preserving collaboration through Fully Homomorphic Encryption (FHE) and Proof-of-Human (PoH) technology. The platform allows multiple parties to share and compute data without the risk of privacy breaches, ensuring data ownership and control are maintained. Privasea's ImHuman app uses facial biometrics to generate a unique, personalized proof of human identity, protecting against bots and AI impersonations. The DeepSea AI Network, powered by FHE deep learning, ensures data privacy and security throughout the computation process. By using token incentives and smart contracts, Privasea manages gas fees and miner staking, combining Proof-of-Work (PoW) and Proof-of-Stake (PoS) for secure and efficient processing.
Target Audience
Privasea targets organizations and individuals requiring secure data collaboration, including healthcare providers sharing patient data, financial institutions detecting fraud, and Web3 platforms seeking to verify human users.
Features
- ImHuman app: Verifies human likeness using on-device biometric data encryption, generating a unique NFT for proof of identity
- DeepSea AI Network: Enables confidential machine learning inferencing using encrypted datasets
- Fully Homomorphic Encryption (FHE): Allows computations on encrypted data without decryption, ensuring data privacy
- Proof-of-Human (PoH): Attests human liveness to protect digital presence from bots and AI impersonations
- Secure Multi-Party Computation (MPC): Facilitates collaborative data analysis without revealing underlying data
- Privacy-preserving vehicle data sharing: Allows secure sharing of vehicle data for research and development
- BotOr_NotABot: Telegram mini app for human verification, ensuring authentic interactions across Web2 and Web3
- StarFuel NFT: Boosts Privasea network pulse and provides access to Privasea DApps