Deep Tech startup Apheris secured €2.5 million in Seed Funding

Alpheris, a Berlin-based deep technology company, has now secured €2.5m in a seed funding round.

Berlin based Alpheris is founded by the Robin Röhm and Michael Höh in the month of January 2019. The company leverages cryptographic protocols, federated learning, and decentralized computing to preserve privacy and protect data in environments with low trust.

Robin Röhm, Apheris CEO and co-founder said, "What this year has crystallised 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. Access to the right data should not be the limiting factor to finding solutions and accelerating R&D and innovation. Apheris is the solution to enabling new ways to solve the complex problems of our time without sacrificing privacy or security."

Ross Mason, founder of MuleSoft and Dig Ventures, said, "Enterprises are sitting on treasure troves of data that cannot be leveraged because it’s been an impossible task to open up data to third-party companies without losing data or diminishing its value. Apheris is taking a novel approach to data collaboration, allowing data to be shared with partners with zero trust, enabling collaboration without giving up or compromising the data."

The round was backed by the LocalGlobe, with participation from the Dig Ventures and some other angel investors.

The company, as of now, has plans to use the new funds to hire talent in the R&D Data Scientist, engineering and customer success, and address new industry use cases.

PC: Pablo, Pixabay