²⁰²⁵⁻⁰⁷⁻³¹
TACEO raises $5.5M for “Private Shared State” Technology
²⁰²⁵⁻⁰⁷⁻³¹
Austrian startup TACEO has developed breakthrough technology that allows organizations to collaboratively process and verify sensitive data without revealing it. This enables economic use of sensitive information while protecting individual privacy.
Key Highlights
Revolutionary Technology: TACEO’s “Private Shared State” infrastructure combines Multi-Party Computation (MPC) and Zero-Knowledge Proofs (ZK) to enable secure data collaboration across organizations without exposing the underlying data.
Proven Track Record: TACEO developed iris-matching software for World (formerly Worldcoin) for OpenAI co-founder Sam Altman, keeping biometric data of over 14 million users fully encrypted.
$5.5M Funding Round: Led by Archetype VC, with participation from a16z CSX, Cyber.Fund, A.Capital Ventures, Polymorphic, and prominent business angels.
Applications
- Healthcare: Multiple hospitals can analyze drug effectiveness without sharing patient data
- Finance: Banks can detect suspicious transactions collaboratively without exposing customer information
- Supply Chain: Manufacturers can optimize production data sharing without revealing trade secrets
- AI: Machine learning models can process internal company data without direct access to raw information
Company Background
Founded in 2022 by a team from ISEC at Graz University of Technology and the AI research institute Know Center, TACEO now employs 15 people. The company was accepted into a16z CSX’s prestigious blockchain accelerator in New York and plans to expand beyond blockchain into digital identity, AI-powered data processing, and financial services.
More information: https://taceo.io/