- In addition to Swanlaab, the French fund Auriga Cyber Ventures and CDTI Innovación also participated in the round, through their -Innvierte program, as well as existing shareholders Archipelago Next, Kalonia Venture Partners and also to, VC GoHub Ventures and the Startup Wise Guys accelerator.
Nymiz’s innovative solution unlocks the potential of data in a world increasingly dominated by AI, preparing for unprecedented global expansion.
Bilbao, April 5, 2024.- Nymiz, a Basque cybersecurity company, has secured an investment of 2.8 million euros in a round led by Swanlaab Venture Factory. This strategic funding expands Nymiz’s horizon to lead innovation in the anonymization and pseudonymization of unstructured data, an increasingly critical need to realize the full potential of data in generative AI applications.
The uniqueness of Nymiz technology, led by Óscar Villanueva, CEO, together with Manuel Díaz, CTO, lies in its ability to offer a robust and disruptive solution that facilitates the secure and compliant exploitation of large volumes of data. In a context where generative artificial intelligence transforms entire industries, Nymiz’s focus on privacy protection becomes an invaluable asset for corporations around the world.
“In the era of generative AI, the demand for solutions that allow organizations to exploit the value of their data without compromising user privacy is higher than ever. Our technology not only answers this demand, but also anticipates the future needs of the market,” explains Óscar Villanueva. This vision places Nymiz in a privileged position to scale globally, offering companies the possibility of exploiting their knowledge and data within the highest privacy standards.
Nymiz’s commitment to continuous innovation and expanding its integration capabilities promises to revolutionize the way companies manage and optimize their knowledge. The financing will also allow Nymiz to attract the best talent, strengthening its team and its growth in Europe, Latam and the United States.
The investment, led by Swanlaab Venture Factory highlights Nymiz’s ability to meet a problem in a critically important area. “Nymiz has a highly differential proposal and is positioning itself as an undisputed leader in the protection of the privacy of information and knowledge, critical in the era of generative AI. Its potential to scale globally and transform the processing of private data is enormous and we are very excited to be part of their journey,” says Juan Revuelta, partner at Swanlaab.
About Nymiz
Nymiz is a deep tech company that has developed software to anonymize and pseudonymize personal data focused on unstructured documents (office documents, PDFs, images) as well as databases based on Artificial Intelligence with Natural Language Processing.
Óscar Villanueva, CEO and co-founder of Nymiz, has extensive experience in the energy sector where, at Repsol and Petronor, he has held positions of responsibility in areas of innovation and is also an entrepreneur, having co-founded the start-up Arrecife Energy Systems.
About Swanlaab
Swanlaab Venture Factory is a Spanish-Israeli venture capital fund manager based in Madrid and Tel-Aviv. Since 1992, the group has managed more than $700 million through 8 vehicles, with a geographic investment focus on Israel and Spain. Swanlaab invests in product companies in early stages, mainly post-seed or pre-series A, with a high degree of scalability in which technological differentiation has a relevant weight and with a focus on B2B business models. Historically, the group has carried out more than 140 investments, with more than 40 successful exits, 8 of which were IPOs. In addition to providing financial support to companies, Swanlaab accompanies its investments with operational support in the process of growth and international expansion of its investee companies.
About Auriga Cyber Ventures
Launched in 2022, Auriga Cyber Ventures is a €50+ million early-stage investment fund, 100% dedicated to investing in European cybersecurity startups. Supported by entrepreneurs in the sector, it relies on a network of more than 80 cybersecurity specialists to support the development of its portfolio. ACV currently has 12 investments in areas as diverse as Post-Quantum Cryptography, Gen-AI privacy and security, Embedded Security or Pentest-as-a-Service.
About CDTI Innovación
The CDTI Innovation is the Agency of the Ministry of Science, Innovation and Universities that supports knowledge-based innovation, advising and offering public financing for innovation through subsidies or partially reimbursable aid for innovation projects and managing pre-commercial public procurement projects. .
Additionally, through the Innvierte Sustainable Economy initiative, it supports and facilitates the capitalization of technology companies. To date, the CDTI, through Innvierte, has committed more than €384 M in 20 investment vehicles that have invested in more than 250 companies and through its co-investment line it has directly committed an amount of more than €431 M in at least 144 companies.”
