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, in the present day introduced it has raised $50 million in development 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 broaden partnerships, gross sales and advertising for its Information Embassy® software program platform, which powers safe knowledge processing in untrusted environments with cleartext accuracy and pace for sooner insights to realize enterprise objectives. This extra development capital brings Anonos’ complete 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 methods that make it simple for organizations to regulate the extent of identifiable knowledge that they course of. Streamlined approvals and workflows imply extra knowledge may be authorised sooner for extra use circumstances with decrease danger – all whereas making certain the very best stage of compliance with the Basic Information Safety Regulation (GDPR), Schrems II and different international knowledge privateness and safety necessities.
“Information-driven enterprises haven’t been ready to make use of their knowledge property to their fullest benefit due to privateness and safety restrictions,” defined Gary LaFever, co-CEO and normal counsel of Anonos. “Different distributors have tried to resolve this concern, however we consider Anonos’ 10 years of R&D on Information Embassy is game-changing for organizations that rely on accessible but compliant and uninterrupted knowledge provide chains. The expertise’s 26 granted worldwide patents and greater than 70 extra patent property function the spine of this financing that takes us to a brand new stage 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 means to unravel such essential international knowledge points allowed us to work with Aon and Ghost Tree to safe development financing. With the brand new funding, Anonos will improve consciousness of our distinctive place inside the market and spotlight our capabilities to make sure the success of our rising buyer base by accelerating their pace 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+ international exchanges. The ideas behind that expertise, which re-linked knowledge for danger administration in securities buying and selling, paved the way in which for improvement of Information Embassy and its means to de-link knowledge from each direct and oblique identifiers to obscure identification 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 can be restricted accessible to broaden 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 property licensed for particular use circumstances. As a result of Variant Twins are embedded with multi-level knowledge privateness and safety controls which are technologically enforced, they’ll journey wherever. Managed relinking to the unique knowledge accelerates pace 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 information controller or a licensed social gathering.
“Innovation is the important thing to a development financial system, however intangible property are the muse. That’s the reason we’re bringing distinctive options to the market to assist IP-rich firms like Anonos leverage the worth of their mental property,” mentioned Lewis Lee, CEO of Aon’s Mental Property Options. “We’re excited to assist firms of all sizes and industries unlock the worth of those property to allow them to additional pursue their development ambitions with choices that may assist stop diluting their possession.”
“Anonos’ management workforce has a profitable monitor document of creating regulatory compliance a aggressive benefit for its clients and anticipating wants on the intersection of legislation and expertise to rework how industries strategy knowledge,” mentioned Mark Fox, Managing Accomplice at Ghost Tree Companions. “We’re excited to assist their subsequent section of development for wider adoption of statutory pseudonymization and different privacy-preserving applied sciences to maximise knowledge worth whereas making certain compliant use.”
Extra Assets
● 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 property accessible to broaden and expedite data-driven initiatives. Its patented Information Embassy platform transforms supply knowledge into Variant Twins: non-identifiable but 100% correct knowledge property for particular use circumstances. As a result of multi-level knowledge privateness and safety controls are embedded into the information and technologically enforced, Variant Twins can journey wherever – throughout departments, outdoors the enterprise, or across the globe. Subsequently, knowledge safety groups and knowledge customers can collaborate to advance initiatives for capturing useful insights with out compromising privateness, safety, accuracy or pace. Anonos. Information with out the drama. To be taught 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 international locations 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 another asset supervisor targeted 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 workforce has invested billions of {dollars} on behalf of the world’s most refined buyers all through their careers. Ghost Tree’s non-public credit score financing options embrace company money circulate loans, specialty finance, asset backed lending and actual property bridge loans.
