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Bitfount
A privacy-preserving AI/ML and data collaboration platform for sending algorithms to data
About Bitfount
Bitfount is a startup that operates in the field of artificial intelligence (AI) and data science. Its primary offering is a platform that enables businesses to accelerate their AI and data science initiatives without the need to move any data. This is achieved through a concept known as federated data science, which involves sending AI and other algorithms to the data, rather than bringing the data to the algorithms. This approach ensures that data remains within the custodian's firewall at all times, reducing risks, costs, and project timelines associated with traditional data centralization.
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Bitfount's platform is particularly beneficial for businesses that have large amounts of data that cannot be shared externally or between different business units. It also offers additional privacy-enhancing technologies (PETs) to further protect data. The platform is designed to be user-friendly, requiring no coding experience, and can be integrated into existing workflows. It also offers cloud-based project management and monitoring capabilities.
The company's services are applicable to a wide range of industries, from healthcare, where it can accelerate clinical trials, to finance, where it can aid in combating financial crime. Bitfount's business model is based on providing its platform and services for free initially, with the expectation of monetizing through premium features or services at a later stage.
At a glance
- Founded
- 2020
- Headquarters
- London, United Kingdom
- Sector
- AI
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Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Seed2 investors entered at this stage
Ahren Innovation Capital
Speedinvest
Series A4 investors entered at this stage
Parkwalk Advisors
Foresight Group
Portfolio Ventures
Pace Ventures
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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