Sherpa.ai, a company specializing in artificial intelligence for data privacy and security, has raised $18 million in a funding round. The firm is developing an AI platform designed to help enterprises maintain data sovereignty while leveraging machine learning.
The Series B round was led by unnamed investors, according to the source. The funding will accelerate development of Sherpa.ai's technology, which allows businesses to train AI models without exposing sensitive information.
The startup operates in the growing market for privacy-preserving AI, a space that includes competitors like Federated Learning pioneers and confidential computing vendors. As regulations around data handling tighten globally, Sherpa.ai's approach addresses a pressing enterprise need.
This investment signals continued investor appetite for AI infrastructure that prioritizes compliance and security. The round comes amid broader industry trends where companies seek to balance AI adoption with regulatory requirements.
The company was founded in 2016 and has previously raised funding from various backers, though specific previous round details were not disclosed in the source. No founder commentary was included in the announcement.