NEWS25 November 2020

TripleBlind secures Accenture investment

Data analytics Innovations New business News North America

US – Global professional services company Accenture has invested in TripleBlind, a data privacy and virtual data ‘clean room’ tool provider.

Pot of money growing plant

TripleBlind aims to help businesses share sensitive data more effectively, and keeps the data encrypted to help comply with regulatory requirements.

The company, which was set up in 2019 and which is headquartered in Kansas City, will become part of Accenture Ventures’ ‘Project Spotlight’, which engages with and invests in technology start-ups.

The value of the investment has not been disclosed. Project Spotlight will allow TripleBlind to work with Acenture’s innovation hubs, as well as get assistance and guidance to help it grow further.

Tom Lounibos, managing director of Accenture Ventures, said: “We believe that TripleBlind offers our clients a key to enhancing data privacy while ensuring regulatory compliance — a major challenge in today’s environment.”

Riddhiman Das, co-founder and chief executive of TripleBlind, said: “Accenture Ventures’ investment and our participation in its Project Spotlight programme will advance and accelerate our ability to help enterprises harness the potential of sensitive data.”