Berlin-based Apheris, a platform for creating collaborative data ecosystems, has raised €8.7 million. With this round, the total funding raised by the company accounts for €12.5 million.
The seed extension round was led by Octopus Ventures (which invested in Lodgify, Intigriti, Delio, and Touchlab), with additional funding from existing investors LocalGlobe, Dig Ventures, Another.VC and Patrick Pichette, the former CFO of Google.
New investors such as European healthtech investment specialists Heal Capital, Berthold von Freyberg, who co-founded Target Partners, as well as Mirco Novacovic, the founder of Instana also participated in the round.
Further development plans
The new investment will help take the Apheris platform to the next level, developing the use-case-agnostic solution and connecting the best and brightest in data science and AI across organisational boundaries. Also, the team will be able to further develop its technology and expand. The funds will drive growth of platform enabling organisations to unlock terabytes of valuable data risk-free.
Robin Röhm, Apheris CEO and co-founder said: “The greatest challenges our planet is facing can only be solved if organizations can use each other’s data. We are committed to enabling industries to work collaboratively by removing the need for data sharing and breaking down the complexities, risks, and barriers that have previously made it almost impossible. There is no limit to the impact we can have if we work together.”
Connor Scanlan, Investment Manager, Octopus Ventures said: “The Apheris team is empowering organisations to solve athe critical problem of ensuring that data privacy is protected while still enabling them to benefit from the endless positive potential of data collaboration. In doing so they are unlocking huge benefits across industries. We believe in investing in the people and ideas that are changing the world, working with founders and teams building businesses with positive impact at their core. In Apheris we see these values in everything they do and we look forward to seeing them go from strength to strength.”
Helps companies resolve challenges
Apheris was founded in 2019 by Robin Röhm and Michael Höh in Berlin. Robin studied Medicine, Philosophy and Mathematics and was trained in global banking at UBS while Michael has a PhD in Physics and Computer Science.
Further, the company has a team of more than 30 which is a 50/50 split between males and females and features 12 different nationalities working remotely across Europe.
Organisations are sitting on terabytes of data. The next wave of innovation to solve the world’s biggest problems will only be made possible by unlocking that data and providing a unified view to facilitate accurate decisions and drive efficient action.
With its predictable AI, the platform enables multiple organisations to extract value from each other’s decentralised data sets in a way that helps them overcome regulatory, technical, and commercial challenges.
With Apheris, data never moves from the owner’s secure environment. The platform allows all parties to have complete control over data governance, which ensures security, privacy and IP protection. Creating collaborative data ecosystems breaks down data silos, drives more efficient actions and improves machine learning capability with higher quality data.
With its unique technology, Apheris builds on its growing list of customers and partners, including BASF, Boston Consulting Group, BMW Group and JLABS, Johnson & Johnson’s innovation division.
