NEW YORK, June 22, 2021 /PRNewswire-PRWeb/ -- Cape Privacy, the leading encrypted learning platform, today announced the appointment of a new head of product, Luisa Herrmann-Nowosielski, an experienced product leader in data software, to help drive Cape's mission to bring data privacy by default to machine learning.
Ché Wijesinghe, CEO, Cape Privacy said, "We are delighted to welcome Luisa as Cape's new Head of Product. She brings over a decade of relevant AI and Data product leadership experience building SaaS products for multiple industries. Luisa will be instrumental to further our mission to enable better data science through the use of encrypted learning."
Cape's encrypted learning platform allows companies to build more powerful machine learning models using external data, without compromising privacy or confidentiality. Its unique formula of advanced cryptography and machine learning enables collaboration on data without ever seeing the data. Multiple parties can share and run machine learning models on encrypted data on the Cape platform, and Cape is able to process that data without ever decrypting it. This happens through a secure multi-party computational process using secret sharing, which protects privacy by default.
Cape Privacy has seen growing demand from data science teams looking to improve their machine learning models both between departments and across organizations. Specifically for Financial Services, datasets not publicly available to others can provide a significant competitive edge. Cape's encrypted learning technology is what makes this secure and trusted collaboration possible.
Most recently, Luisa was Head of Product Management at expert.ai, an artificial intelligence platform for language understanding. She has also held senior product management roles at Validity Inc, a provider of customer data quality and marketing analytics software; Zoominfo, the global go-to-market intelligence solutions company; and EnerNOC, which offers cloud-based energy intelligence software (EIS) and services to global enterprise customers and utilities.
In addition to financial services, Cape Privacy's technology can be used across sectors including life sciences and government. Cape Privacy announced a Series A of $20 million in April of 2021, bringing its total raise to $25 million.
About Cape Privacy
Cape Privacy offers an enterprise SaaS platform for encrypted learning combining advanced machine learning and cryptography. With Cape's technology, privacy is protected by default as companies collaborate with external parties to improve data models and increase business value—without ever having their sensitive data exposed. Cape Privacy's platform is flexible, adaptable and open source. Based in New York City and Halifax Canada with a fully distributed team from Europe to California. The Company is backed by Evolution Equity Partners; Tiger Global Management; boldstart ventures; Version One Ventures; Ridgeline Partners; Haystack and Radical Ventures.
SOURCE Cape Privacy