Companies looking to deploy AI without compromising sensitive data now have more backing for a key solution. Sherpa.ai, a SaaS platform specializing in privacy-preserving AI through Federated Learning, has secured $18.0M in new funding.
The capital comes from investors including Forgepoint Capital, Mundi Ventures, Ekarpen, Allegra Holdings, and SETT. Sherpa.ai's platform enables secure model training and real-time inference by ensuring data never leaves a firewall; instead, AI models are trained locally, and only encrypted model updates are shared to build a global model, maintaining compliance with standards like ISO 27001 and HIPAA.
