TripleBlind, the private data sharing company that offers proprietary cryptographically-enforced data privacy solution, announced that it has been named a Cool Vendor in October 2021 Gartner Cool Vendors™ in Privacy report.

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“New technologies are emerging that promise a “win-win” proposition for organizations seeking to respect the privacy rights of individuals while using data for information sharing, advanced cross-entity analytics and artificial intelligence (AI) modeling,” states the report.

TripleBlind’s solution enables entities to share and collaborate with data anywhere in the world without the need to share raw data, thus preserving privacy and security while enforcing all data privacy and data residency regulations now in place in more than 100 countries, including HIPAA and GDPR, as well as similar regulations in four U.S. states.

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“We believe, being recognized as a 2021 Gartner Cool Vendor is another major milestone in solidifying our position as offering the superior technology to enable enterprises to share the estimated 43ZB of data that are not commercialized today due to regulatory concerns,” said Riddhiman Das, TripleBlind’s co-founder and CEO. “Sharing data assets is quickly becoming critical to sustained, long-term growth for businesses in every industry, including healthcare and finance in particular. Providing enterprises with a solution that allows them to collaborate while concurrently enforcing data privacy and regulatory standards could not be more important at this point in time.”

This news comes on the heels of TripleBlind announcing $24 million in Series A funding in an oversubscribed round led by General Catalyst and Mayo Clinic last month.

*Gartner, “Cool Vendors in Privacy,” Bernard Woo, Bart Willemsen, Michael Hoeck, October 21, 2021.