# Privasea AI PTE.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/privasea-ai-pte

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.privasea.ai
- Total disclosed funding: $15M
- Latest round: Series A (Jan 10, 2025)
- Investors on record: 7

## About

Established in 2022 and based in Gothenburg, Sweden, Privasea AI PTE. LTD. operates a digital asset exchange and privacy computing platform for data value circulation. In January 2025, Privasea AI PTE. LTD. raised USD 15 million in series A funding from new investors Amber, Echo, and GSR Capital, with participation from returning investors Binance Labs, Laser Venture Capital, Gate Labs, Inc., and OKX Ventures.

The company offers a testnet that serves as a platform for encrypted machine learning inferences, leveraging datasets to bolster privacy and security. Testnet integrates fully homomorphic encryption (FHE) with blockchain incentives, providing a collaborative environment for AI development through its architecture. Privasea’s network facilitates the exchange of data insights, mitigating privacy risks, and fostering collaboration among users. Token incentives, managed through smart contracts, further incentivize participation while ensuring secure processing.

The company will use the January 2025 funding to develop its software technology platform.

## Funding rounds

- Series A, Jan 10, 2025, $15M — Amber, Echo, Gate Labs, Inc., YZi Labs, GSR Capital, Laser Venture Capital, OKX Ventures

## Investors

- Amber — Series A
- Echo — Series A
- Gate Labs, Inc. — Series A
- YZi Labs (https://capitalatlas.ai/funds/yzi-labs) — Series A
- GSR Capital (https://capitalatlas.ai/funds/gsr-capital) — Series A
- Laser Venture Capital (https://capitalatlas.ai/funds/laser-venture-capital) — Series A
- OKX Ventures (https://capitalatlas.ai/funds/okx-ventures) — Series A