Cosmian, a deep tech cryptography and blockchain platform to power a fair and secure data economy, has just finalised a seed round of €1.4 million. The funding was led by Elaia, joined by Acequia Capital, Financière de Blacailloux (Fiblac) and business angels including Florian Douetteau (CEO, Dataiku), Julien Lemoine (CTO, Algolia), Guillaume Amblard (former Global Head BNPP Quantitative Research) and Marc Jalabert (former General Manager Microsoft Europe). Elaia is leading this round via a co-investment of its two active funds: Elaia Delta Fund and PSL Innovation Fund.
Cosmian’s ambition: Solving the private data paradox
Based out of Paris, Cosmian builds the first private data intelligence platform, which makes it possible to encrypt the data and to obtain the result of the calculations performed on these encrypted data without ever revealing the underlying data.