Privacy tech startup Acompany raises over $6M total in Series A funding
Acompany reinforces the recruitment of software engineers and product development.
We hereby inform that Acompany, a company that “Solves social issues with privacy tech”, has raised JPY 150 million($1.1M) in the second close of its Series A funding round. This brings the total amount of Series A funding, including first close, to over JPY 790 million($6M). This second close was led by Mitsubishi UFJ Capital with existing investors.
As of April 2023, Acompany is actively recruiting for the following positions.
Software Engineer – Front End
Software engineer – Data Platform
Software Engineer – Back-end
Comments regarding the funding
Yuichi Nishio, General Manager, Investment Department III, Mitsubishi UFJ Capital Co., Ltd.
While the usage of data is essential to contribute to economic growth and innovation, the reality is that businesses need to be well aware of the range of permitted use and the rules they must comply.
Therefore, the potential demand for the use of data through “privacy tech”, a technology that complies with the law, is increasing.
Within this context, Acompany is a rare and unique technology and legal startup, and has taken the initiative in establishing industry associations.
We believe that Acompany’s technology will not only lead the privacy tech market in Japan, but will also be accepted globally. We hope to use this investment as an opportunity to leverage our strengths as a member of MUFG and contribute to the growth of the business.
Ryosuke Takahashi, CEO, Acompany Co., Ltd.
Thanks to the support of our encouraging investors, Acompany has now raised over JPY 790 million($6M) total in the Series A funding.
Privacy issues in data utilization are a major social challenge, and Acompany is confident that it is a unique startup that combines technology and legal expertise to meet this challenge head-on.
Looking back over the past year, Acompany’s team has become very strong and the business has grown significantly.
However, the market for privacy is still immense and there are still many challenges ahead.
Acompany is committed to solving these challenges with privacy tech, which combines technology and law, with the aim of becoming the world’s No.1 privacy tech company.
What is privacy tech?
Privacy tech is a technology for protecting data privacy.
Today, companies hold large amounts of personal data and require data protection and utilization for personal data.
Privacy tech has been developed to meet these challenges.
Among the technologies that have been developed includes “secure computation”, which enables advanced analysis while data is still encrypted, “synthetic data”, which generates similar data from the original data, and “k-anonymization”, which makes it difficult to identify individuals.
Find out more at: https://acompany.tech/privacytechlab/
Company name: Acompany Co., Ltd.
Representative: Ryosuke Takahashi, CEO and Representative Director
Location: 2-13 Nagono Campus, 2-14-1 Nagono, Nishi-ku, Nagoya, Aichi, Japan
Established: June 2018
Mission: Solving social issues with privacy tech
Business Information: Development and provision of privacy tech service “AutoPrivacy”