Niobium Raises $5.5M for Advanced Data Security Solutions

Niobium's Seed Funding

Key Highlights:

• Seed Funding: Niobium, a custom silicon provider, raised $5.5 million in seed funding.
• Investors: Fusion Fund led the round, with participation from Morgan Creek Capital, Rev1 Ventures, Ohio Innovation Fund, and Hale Capital.
• New Board Member: Shane Wall, Fusion Fund partner and president of CXO Network, former CTO of Hewlett Packard, and Global Head of HP Labs, joined Niobium's board.

Niobium's Target Market

• Target Market: Industries and organizations requiring advanced data privacy and security solutions, including healthcare, pharmaceutical research, financial fraud detection, blockchain, and digital advertising.
• Confidential Computing: Companies seeking dedicated hardware solutions for zero trust computing and fully homomorphic encryption (FHE) applications.
• Multi-Party Machine Learning: Organizations interested in leveraging Niobium's technology for mathematically guaranteed privacy in machine learning and statistical analysis applications.

What Niobium Needs to Buy

• Research and Development: Investments in further developing and refining their custom hardware solutions for zero trust computing and fully homomorphic encryption.
• Partnerships and Collaborations: Collaborating with industry players and research institutions to explore and develop commercial applications for FHE acceleration.
• Marketing and Sales Support: Resources to promote and sell their advanced data privacy and security solutions to target industries and organizations.

Sorted raises £1.65M in Seed Funding for Recycling Tech

Summary: Sorted, a recycling tech startup based in the UK, recently secured £1.65M in seed funding to revolutionize waste management and recycling. Their AI-powered sorting solutions aim to improve the efficiency of recycling processes and contribute to a more sustainable future.

Funding Amount: £1.65 million

Industry: Software Development

Employee Count: 51-200

CEO: Carmen Carey (CEO Linkedin)

What Sorted needs to buy: Sorted is seeking partnerships with waste management companies, recycling industry leaders, and environmental organizations. Companies specializing in AI technology, sustainability solutions, and waste management systems are ideal partners to support Sorted's expansion plans and drive innovation in the recycling industry.