NEW YORK CITY and BRUSSELS, October 19, 2022 — Anonos, supplier of the one know-how that resolves the battle between information use and safety with 100% accuracy, in the present day 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 Investment Partners (“Ghost Tree Partners”).
The firm will use the expansion funding to scale buyer success and develop partnerships, gross sales and advertising and marketing for its Data Embassy® software program platform, which powers safe information processing in untrusted environments with cleartext accuracy and velocity for sooner insights to attain enterprise objectives. This further progress capital brings Anonos’ complete funding to $70 million, together with $20 million in prior funding led by Edison Partners.
Data Embassy uniquely combines patented statutory pseudonymization, artificial information and different state-of-the-art privacy-enhancing computation methods that make it straightforward for organizations to regulate the extent of identifiable information that they course of. Streamlined approvals and workflows imply extra information will be accredited sooner for extra use instances with decrease danger – all whereas making certain the best stage of compliance with the General Data Protection Regulation (GDPR), Schrems II and different international information privateness and safety necessities.
“Data-driven enterprises haven’t been able to use their data assets to their fullest advantage because of privacy and security restrictions,” defined Gary LaFever, co-CEO and normal counsel of Anonos. “Other vendors have attempted to resolve this issue, but we believe Anonos’ 10 years of R&D on Data Embassy is game-changing for organizations that depend on accessible yet compliant and uninterrupted data supply chains. The technology’s 26 granted international patents and more than 70 additional patent assets serve as the backbone of this financing that takes us to a new level of business execution.”
“Data Embassy is the only technology that eliminates the tradeoff between data protection and data utility,” added Ted Myerson, co-CEO and president of Anonos. “The significant value of our IP and its ability to solve such critical global data issues allowed us to work with Aon and Ghost Tree to secure growth financing. With the new funding, Anonos will increase awareness of our unique position within the market and highlight our capabilities to ensure the success of our growing customer base by accelerating their speed to insight.”
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 know-how, which re-linked information for danger administration in securities buying and selling, paved the best way for improvement of Data Embassy and its potential to de-link information from each direct and oblique identifiers to obscure id whereas enabling organizations to make use of extra of their information for compliant analytics, synthetic intelligence, machine studying, information sharing and information switch.
Recognized as a Gartner Cool Vendor and a member of the World Economic Forum’s Global Innovators Community, Anonos makes information that in any other case can be restricted accessible to develop and expedite strategic initiatives, so organizations can create extra worth and nonetheless be compliant with information privateness and safety rules. Data Embassy creates Variant Twins®: supply information that has been reworked into new, statutorily pseudonymized and 100% correct information belongings licensed for particular use instances. Because Variant Twins are embedded with multi-level information privateness and safety controls which are technologically enforced, they will journey wherever. Controlled relinking to the unique information 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 information held individually by the information controller or a certified get together.
“Innovation is the key to a growth economy, but intangible assets are the foundation. That is why we are bringing unique solutions to the market to help IP-rich companies like Anonos leverage the value of their intellectual property,” stated Lewis Lee, CEO of Aon’s Intellectual Property Solutions. “We are 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 stop diluting their possession.”
“Anonos’ leadership team has a successful track record of making regulatory compliance a competitive advantage for its customers and anticipating needs at the intersection of law and technology to transform how industries approach data,” stated Mark Fox, Managing Partner at Ghost Tree Partners. “We are excited to support their next phase of growth for wider adoption of statutory pseudonymization and other privacy-preserving technologies to maximize data value while ensuring compliant use.”
Additional Resources
● Read the S&P Market Intelligence Market Insight Report, October 2022
● Visit the Data Embassy Product Page
● Request a Data Embassy Product Briefing
About Anonos
Anonos is a worldwide software program firm that gives the one know-how able to defending information in use with 100% accuracy, even in untrusted environments, making in any other case restricted belongings accessible to develop and expedite data-driven initiatives. Its patented Data Embassy platform transforms supply information into Variant Twins: non-identifiable but 100% correct information belongings for particular use instances. Because multi-level information privateness and safety controls are embedded into the information and technologically enforced, Variant Twins can journey wherever – throughout departments, exterior the enterprise, or across the globe. Therefore, information safety groups and information customers can collaborate to advance tasks for capturing beneficial insights with out compromising privateness, safety, accuracy or velocity. Anonos. Data with out the drama. To study extra, go to www.anonos.com or comply with us on LinkedIn.
About Aon
Aon plc (NYSE: AON) exists to form choices for the higher — to guard and enrich the lives of individuals all over the world. Our colleagues present our shoppers in over 120 nations with recommendation and options that give them the readability and confidence to make higher choices to guard and develop their enterprise.
About Ghost Tree Partners
Headquartered in Irvine, CA, Ghost Tree Partners is an alternate asset supervisor targeted on offering personal credit score financing options to small and middle-market debtors within the US, Europe and Asia. Founded 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, Fidelity and PAAMCO Prisma (KKR affiliate). The group has invested billions of {dollars} on behalf of the world’s most subtle traders all through their careers. Ghost Tree’s personal credit score financing options embrace company money movement loans, specialty finance, asset backed lending and actual property bridge loans.