Privasea
Privasea builds, implements and deploys privacy solutions for companies with sensitive data, making the data sharable and computable without compromising on security.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor | €0.0 | round |
| investor investor investor investor investor investor investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | N/A | Series A | |
| Total Funding | 000k | ||
| SEK | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | (59 %) | 7629 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| % profit margin | (161 %) | (2076 %) | 2 % |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Company filings or news article
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Privasea is a technology firm focused on the intersection of artificial intelligence and data security, operating within the Decentralized Physical Infrastructure Network (DePIN) market. Founded in 2022 by David Jiao, the company is developing solutions for both Web2 and Web3 clients that require secure AI computation. Privasea has a base in Gothenburg, Sweden, and a legal entity in Singapore.
The company's core technology is Fully Homomorphic Encryption (FHE), a cryptographic method that allows for computations to be performed on encrypted data without ever decrypting it. This ensures that sensitive information remains confidential throughout the entire computational workflow, which is particularly relevant for machine learning (ML) applications. The business model centers on providing this privacy-preserving computation through a decentralized network of nodes. This network, called the DeepSea AI Network, functions as a marketplace where users and businesses can access computing resources for privacy-focused AI tasks. The network combines Proof-of-Work (POW) and Proof-of-Stake (POS) consensus models and utilizes a native token, $PRVA, for transactions, staking, and rewarding node operators.
Significant milestones for Privasea include a $5 million funding round in March 2024 and a subsequent $15 million Series A round in January 2025, which brought the company's valuation to $180 million. These funding rounds saw participation from investors such as Binance Labs, GSR, Amber Group, and OKX Ventures. The capital is being used to accelerate the development of its AI agents and the deployment of the DeepSea mainnet, which launched its testnet beta in January 2025. One of its initial applications is the "ImHuman" dApp, which uses FHE and facial biometrics for "Proof of Human" verification, aiming to combat bots and AI-driven identity fraud without compromising user privacy.
Keywords: Fully Homomorphic Encryption, FHE, DePIN, AI security, confidential computing, privacy-preserving AI, decentralized computation, machine learning security, Web3 privacy, DeepSea AI Network, David Jiao, Proof of Human, FHEML, data privacy, secure AI, encrypted data processing, blockchain AI, Privanetix, cryptographic technology, PRVA token