NEW YORK CITY and BRUSSELS, October 19, 2022 — Anonos, supplier of the one expertise that resolves the battle between knowledge use and safety with 100% accuracy, immediately introduced it has raised $50 million in progress financing backed by its mental property (IP) portfolio, facilitated by Aon (NYSE: AON) and led by GT Funding Companions (“Ghost Tree Companions”).
The corporate will use the expansion funding to scale buyer success and increase partnerships, gross sales and advertising for its Information Embassy® software program platform, which powers safe knowledge processing in untrusted environments with cleartext accuracy and velocity for sooner insights to attain enterprise targets. This extra progress capital brings Anonos’ whole funding to $70 million, together with $20 million in prior funding led by Edison Companions.
Information Embassy uniquely combines patented statutory pseudonymization, artificial knowledge and different state-of-the-art privacy-enhancing computation strategies that make it straightforward for organizations to regulate the extent of identifiable knowledge that they course of. Streamlined approvals and workflows imply extra knowledge could be authorized sooner for extra use instances with decrease threat – all whereas making certain the best degree of compliance with the Basic Information Safety Regulation (GDPR), Schrems II and different world knowledge privateness and safety necessities.
“Information-driven enterprises haven’t been ready to make use of their knowledge belongings to their fullest benefit due to privateness and safety restrictions,” defined Gary LaFever, co-CEO and basic counsel of Anonos. “Different distributors have tried to resolve this difficulty, however we imagine Anonos’ 10 years of R&D on Information Embassy is game-changing for organizations that depend upon accessible but compliant and uninterrupted knowledge provide chains. The expertise’s 26 granted worldwide patents and greater than 70 further patent belongings function the spine of this financing that takes us to a brand new degree of enterprise execution.”
“Information Embassy is the one expertise that eliminates the tradeoff between knowledge safety and knowledge utility,” added Ted Myerson, co-CEO and president of Anonos. “The numerous worth of our IP and its capacity to resolve such important world knowledge points allowed us to work with Aon and Ghost Tree to safe progress financing. With the brand new funding, Anonos will improve consciousness of our distinctive place throughout the market and spotlight our capabilities to make sure the success of our rising buyer base by accelerating their velocity to perception.”
LaFever and Myerson have been enterprise companions for greater than 21 years. Their prior firm, FTEN, was the fastest-growing software program firm on the Inc. 500 for 2 years in a row and was acquired by NASDAQ OMX in 2010 for integration into its 100+ world exchanges. The rules behind that expertise, which re-linked knowledge for threat administration in securities buying and selling, paved the best way for improvement of Information Embassy and its capacity to de-link knowledge from each direct and oblique identifiers to obscure id whereas enabling organizations to make use of extra of their knowledge for compliant analytics, synthetic intelligence, machine studying, knowledge sharing and knowledge switch.
Acknowledged as a Gartner Cool Vendor and a member of the World Financial Discussion board’s World Innovators Neighborhood, Anonos makes knowledge that in any other case could be restricted accessible to increase and expedite strategic initiatives, so organizations can create extra worth and nonetheless be compliant with knowledge privateness and safety rules. Information Embassy creates Variant Twins®: supply knowledge that has been remodeled into new, statutorily pseudonymized and 100% correct knowledge belongings licensed for particular use instances. As a result of Variant Twins are embedded with multi-level knowledge privateness and safety controls which can be technologically enforced, they’ll journey anyplace. Managed relinking to the unique knowledge accelerates velocity to insights for innovation, aggressive differentiation and operational effectivity amongst different advantages, however that course of can solely happen with the addition of different knowledge held individually by the info controller or a certified occasion.
“Innovation is the important thing to a progress financial system, however intangible belongings are the inspiration. That’s the reason we’re bringing distinctive options to the market to assist IP-rich corporations like Anonos leverage the worth of their mental property,” mentioned Lewis Lee, CEO of Aon’s Mental Property Options. “We’re excited to assist corporations of all sizes and industries unlock the worth of those belongings to allow them to additional pursue their progress ambitions with choices that may assist forestall diluting their possession.”
“Anonos’ management crew has a profitable monitor document of creating regulatory compliance a aggressive benefit for its clients and anticipating wants on the intersection of regulation and expertise to rework how industries method knowledge,” mentioned Mark Fox, Managing Companion at Ghost Tree Companions. “We’re excited to help their subsequent part of progress for wider adoption of statutory pseudonymization and different privacy-preserving applied sciences to maximise knowledge worth whereas making certain compliant use.”
Extra Sources
● Learn the S&P Market Intelligence Market Perception Report, October 2022
● Go to the Information Embassy Product Web page
● Request a Information Embassy Product Briefing
About Anonos
Anonos is a worldwide software program firm that gives the one expertise able to defending knowledge in use with 100% accuracy, even in untrusted environments, making in any other case restricted belongings accessible to increase and expedite data-driven initiatives. Its patented Information Embassy platform transforms supply knowledge into Variant Twins: non-identifiable but 100% correct knowledge belongings for particular use instances. As a result of multi-level knowledge privateness and safety controls are embedded into the info and technologically enforced, Variant Twins can journey anyplace – throughout departments, exterior the enterprise, or across the globe. Due to this fact, knowledge safety groups and knowledge customers can collaborate to advance initiatives for capturing invaluable insights with out compromising privateness, safety, accuracy or velocity. Anonos. Information with out the drama. To study extra, go to www.anonos.com or observe us on LinkedIn.
About Aon
Aon plc (NYSE: AON) exists to form selections for the higher — to guard and enrich the lives of individuals world wide. Our colleagues present our purchasers in over 120 nations with recommendation and options that give them the readability and confidence to make higher selections to guard and develop their enterprise.
About Ghost Tree Companions
Headquartered in Irvine, CA, Ghost Tree Companions is an alternate asset supervisor centered on offering non-public credit score financing options to small and middle-market debtors within the US, Europe and Asia. Based in 2021, the agency is led by Mark Fox, Scott Warner, Jeff Willardson and David Byrne, who mix for over 85 years of funding expertise with Goldman Sachs, Bain Capital Credit score, Constancy and PAAMCO Prisma (KKR affiliate). The crew has invested billions of {dollars} on behalf of the world’s most refined traders all through their careers. Ghost Tree’s non-public credit score financing options embody company money movement loans, specialty finance, asset backed lending and actual property bridge loans.
