Xayn is excited to announce a major funding milestone, having raised €92,200,000 to accelerate its mission of putting user privacy first while delivering highly personalized search experiences. Built on a visionary academic foundation originating from research projects at The University of Oxford and Imperial College London, Xayn was founded in 2017 by Leif-Nissen Lundbæk, Professor Michael Huth, and Felix Hahmann. Today, it stands as a trailblazer in the privacy tech sector with its state-of-the-art AI technology developed in Europe. This significant investment underscores the growing recognition of Xayn’s unique approach that blends privacy with individualised, preference-driven personalisation, ensuring that users can regain control over search algorithms without compromising their fundamental right to privacy.
The new funds will be strategically deployed to further enhance the Xayn search engine, build on the company’s robust open-source framework XayNet, and scale operations to meet rising global demand. With a core team that includes 30% PhDs, Xayn continues to push the boundaries in developing innovative, federated analytics and learning technologies that empower users while safeguarding democratic values. The funding will support research into more advanced AI solutions and the continual refinement of user experience, expanding the company’s impact in the realm of online privacy.
This announcement marks a pivotal step forward as Xayn aims to usher in a new generation of privacy technology that remains accessible to everyone. At the heart of this initiative is the belief that technological innovation should act as a guardian of democratic rights. For more details, please visit our imprint at http://xayn.com/imprint and review our privacy policy at http://xayn.com/privacy-policy.
