Dutch company Roseman Labs announced it has raised €4 million from German deep-tech funds Matterwave Ventures, Spacewalk VC and Dutch early-stage fund NP-Hard Ventures.
Founded in 2020, Roseman Labs’ mission is to protect privacy and empower collaboration on sensitive data to tackle global challenges. The company – already active in healthcare, the social domain, justice and security, financial services and the energy sector – will use the fresh capital to grow the team and expand internationally.
Roderick Rodenburg, CEO and co-founder of Roseman Labs, said: “This new investment allows us to take the next step. We have a strong team that combines PhD-level cryptography with software engineering, information security, business and product development experience with whom we have developed a groundbreaking privacy-preserving data science product. This investment provides the scope to grow and to take new steps in marketing our technology abroad.”
Its flagship product is the “Virtual Data Lake”, which enables parties to link and analyze data without sharing sensitive source data. This gives parties unprecedented control and privacy guarantees. Privacy rules in Europe are very strict, while the need for data sharing is greater than ever. According to its founders, Roseman Labs’ technology offers a proven solution for this challenge.
An important characteristic of Roseman Labs’ tech, pointed out by its team, is its practical applicability. For example, the company supports Dataspaces for healthcare organizations. These groundbreaking Dataspaces allow participants to securely gather insights and learn more about the quality and effectiveness of care. The technology enables analysis of the patient journey without the need for disclosure of data.
“We were impressed by the team’s expertise and experience in both, academic and commercial contexts. In addition, Roseman Labs platform technology enables unprecedented performance in data collaboration projects, while maintaining absolute privacy,” commented Benedikt Kronberger, General Partner at Matterwave Ventures. “We see many different use cases in the industrial sector, from semiconductors to manufacturing to energy. We believe that connecting data across institutional and geographic boundaries will create tremendous value through transparency and analytics that did not exist before.”
“Roseman is incredibly strong both commercially and technically. The technology itself is already established in a scientific context, but the visionary team at Roseman has managed to make it performantly scalable. Thus, it also works with large amounts of data and can be used industrially,” explained Daniel Weiss, General Partner of Spacewalk and CFO at Motius. “Above all, the user-friendliness of the product convinced us. It was crucial for us that it can be integrated into continuous processes with the customer beyond individual projects. In addition, data protection is mathematically guaranteed. Roseman is therefore perfectly positioned to win new customers in the European and international markets with its product.”
Read the orginal article: https://www.eu-startups.com/2023/09/utrecht-based-roseman-labs-raises-e4-million-to-make-an-art-of-privacy-preserving-data-analysis/
