# Pyte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/pyte

- Industry: Business Support Services
- Headquarters: Los Angeles, US
- Website: www.pyte.ai/
- Total disclosed funding: $12M
- Latest round: Seed (May 24, 2024)
- Investors on record: 6

## About

Based in the US and founded in 2021, Pyte, formerly known as CipherMode Labs, operates as a data utilization and sharing platform while preserving data confidentiality. It provides services to collaborate between multiple enterprises, applications for co-marketing, drug discovery, fraud detection, etc. In April 2024, Pyte raised USD 5 million in venture funding led by new investor Myriad Venture Partners, with participation from another new investor Liberty Mutual Strategic Ventures. Returning investors Innovation Endeavors, Pillar Companies, and other unspecified investors also participated in the round.

The company's flagship product is SecureMatch, a data vendor search tool, which can compare two datasets while avoiding data leaks. The company also provides data solutions to marketing and advertising customers.

The company will use the funding to scale up market expansion and joint ventures.

## Funding rounds

- Seed, May 24, 2024, $0.4M — Innovation Endeavors, Liberty Mutual Strategic Ventures, Pillar Companies, Myriad Venture Partners
- Seed, Apr 19, 2024, $4.6M — Innovation Endeavors, Pillar, Liberty Mutual Strategic Ventures, Myriad Venture Partners
- Seed, Apr 18, 2022, $6.7M — Innovation Endeavors, Pillar, The National Science Foundation
- Seed, Jan 19, 2021 — Pillar

## Investors

- Pillar (https://capitalatlas.ai/funds/pillar) — Seed
- Innovation Endeavors (https://capitalatlas.ai/funds/innovation-endeavors) — Seed
- The National Science Foundation — Seed
- Liberty Mutual Strategic Ventures (https://capitalatlas.ai/funds/liberty-mutual-strategic-ventures) — Seed
- Myriad Venture Partners (https://capitalatlas.ai/funds/myriad-venture-partners) — Seed
- Pillar Companies — Seed