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Internet of Things - Industry Applications Series A Founded 2014

Just

Sherpa.ai is a provider of a cloud-based federated learning platform that enables secure, privacy-preserving AI deployments across enterprises, governments, and regulated environments. The platform allows organizations to collaboratively train AI models on distributed data sources without sharing sensitive information, as data never leaves the firewall and only encrypted model updates are shared and aggregated.…

📍 Los Angeles, United States · Connected Vehicles,

Funding snapshot

Last roundSeries A
Amount$5M
Date29 September 2023
Total raised$15M
Team size252

About

Sherpa.ai is a provider of a cloud-based federated learning platform that enables secure, privacy-preserving AI deployments across enterprises, governments, and regulated environments. The platform allows organizations to collaboratively train AI models on distributed data sources without sharing sensitive information, as data never leaves the firewall and only encrypted model updates are shared and aggregated. Sherpa.ai supports machine learning, LLMs, and multi-agent systems, enabling data collaborations while maintaining full data sovereignty, privacy, and regulatory compliance with ISO 27001 and HIPAA standards. The platform serves healthcare and life sciences for accelerating medical research, financial services for fraud detection, industry and manufacturing for supply chain optimization, cybersecurity for threat detection, and aerospace and defense for collaborative AI. Customers include NIH, KPMG, Telefonica, Zurich, Prosegur, and Indra. Founded in 2012 and headquartered in Palo Alto, California, Sherpa.ai has raised $34.7 million in Series B funding from investors including Mundi Ventures, ForgePoint Capital, and Orza.

Business model

Internet First Insurance Platforms > Internet First Insurers > P&C > Auto > Usage-based,

Auto E-Commerce & Content > Insurance > Internet First Insurer > Usage Based,

Connected Vehicles > Vehicle Telematics > Usage Based Insurance > Internet First Insurers,

Auto Retail & Aftersales > Financial Services > Finance > Insurance > Internet First Insurer > Usage Based

Institutional investors

Crosscut Ventures ManchesterStory Group Western Technology Investment Trust Ventures

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