Q&A with Tom Lounibos, Managing Director of Accenture Ventures
Q. Why is Accenture Ventures interested in investing in data privacy technology?
A. Accenture Ventures is focused on cultivating emerging technologies that solve for our clients’ most critical business needs. Many global enterprises are struggling to unlock trapped value in their data and data privacy concerns, and regulatory mandates are a huge part of that. Global organizations need to be able to effectively use their data and that includes collaborating with other companies, partners and competitors. Advanced data privacy solutions close that gap.
Q. Why did you select TripleBlind?
A. TripleBlind offers a high degree of privacy and interoperability, without compromising flexibility or accuracy of the operations performed on the data. From training deep nets on images, to big data processing, TripleBlind can help capture value while enhancing compliance with global privacy regulations.
Q. What aspects of TripleBlind’s technology are unique?
A. Many companies track and monetize sensitive personal information, but doing so securely – particularly when sharing that data with other companies — is a significant challenge. TripleBlind’s approach allows enterprises to share the information and insights of their data, without sharing the data itself. This is a much more effective and elegant solution then complex contracts and other types of technologies available today.
“TripleBlind’s approach allows enterprises to share the information and insights of their data, without sharing the data itself. This is a much more effective and elegant solution then complex contracts and other types of technologies available today. ”
Q. In addition to providing pre-seed funding, how will Accenture Ventures support TripleBlind?
A. As part of Accenture Ventures’ Project Spotlight program, TripleBlind will get extensive access to our technology domain experience. We’ll co-innovate with them at our innovation hubs, labs and liquid studios to help them refine their product-market fit. We’ll also connect TripleBlind with other companies in the Accenture Ventures ecosystem, both to help them sell in their solutions and to create technology and distribution partnerships. In fact, TripleBlind is already talking to another Project Spotlight company we invested in this summer that has a complementary solution.