Decentriq, a privacy-preserving data clean room startup, has raised USD 5 million in a venture debt funding round from Silicon Valley Bank UK. Decentriq’s total funding currently stands at USD 25 million.
The funds will be utilized to continue building its platform–"Switzerland of Data” which facilitates secure and confidential data collaboration.
Analyst QuickTake: The funding announcement comes less than eight months after the company raised USD 15 million in a Series A funding round led by Eclipse Ventures. The company reported plans to utilize the funds to accelerate the development and commercialization of its data clean room platform, expand platform capabilities, and grow its geographical footprint.
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