Entrepreneur

The Year Privacy-Focused Startups Took Off


Friday, December 28, 2018    
02:27APM / By AngelList Weekly

 

The
hottest topic in tech this year wasn’t AI or the blockchain. It was
privacy. 

 

Some
of the biggest tech companies in the world endured lawsuits, congressional
summons, and investigative reports in major news publications, all centering
around their use (or misuse) of user data. Governments implemented sweeping
legislation aimed at protecting user data, from GDPR to the California Consumer
Privacy Act, California’s new law that will offer citizens more control
over how companies use their data. 

 

At
the same time, Crunchbase recorded a more than 30% increase in the
number of funding rounds raised by privacy startups in 2018 over 2017.

 

While
the public outcry around users’ rights to privacy has put many tech giants in
crisis mode, it has also been a boon to a new generation of startups that are
making security, privacy, and anonymity the core of their value proposition.

 

Startups
benefiting from this surge in interest around privacy, many of which deliver
products that serve both businesses and consumers, include:

 

Proshare Nigeria Pvt. Ltd.

Purism builds privacy-centric computers and
maintains its namesake PureOS, a privacy-focused Linux distribution.
It’s begun accepting preorders for the new Librem 5, a smartphone built
specifically to protect user data.

 

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BigID uses machine learning to help companies
protect and analyze user data while staying compliant with new privacy
laws. The startup raised a $14 million Series A in January, then a
$30 million Series B in June.

 

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Canopy was launched by Spotify and Echo Nest
alums—including Brian Whitman, the man who built Spotify’s Discover Weekly
recommendation engine—in 2018, licensing a recommendation engine that doesn’t
collect user data.

 

Every
time Facebook reports a leak, or a new exposé is published about how
Google neglected to disclose a potential breach, the level of user concern
around privacy increases.

 

With
users becoming increasingly concerned about the security of their data, and
governments taking more aggressive action to regulate tech companies’ use of
it, the market for privacy-focused software will only continue to grow. 

 

In
the future, we may well look back on 2018 as the year privacy-focused startups
took off.
 

 

Hot Start-Ups Hiring Now via Angel List

·       HyperScience automates data entry. It
translates human-readable content into machine-readable data, freeing customers
from their reliance on manual data entry and allowing them to do business
better. Hiring a lead product designer, solutions engineer, and more.

 

·      Naborly is an
automated screening service helping landlords and property managers know
who they are renting to, before they move in. Its algorithm reduces evictions,
late rent payments, and property damage. Hiring a graphic & web designer, performance marketing
manager, and more.

 

·        River is building an entirely new
kind of search engine—one focused exclusively on making sense of the past 24
hours. Hiring a software engineer, mobile engineer, and more. 

 

·     Whisper.ai uses deep learning in
hearing aids to amplify voices and sounds of interest—the #1 need for folks
with hearing loss. Its system has 10x the noise reduction of leading
competitors with a lower price point. Hiring a deep learning engineer, a firmware engineer, and more.

Credits: Angel List Weekly 

 

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