Tune Insight’s sensitive data collaboration solution receives FIT boostWednesday 11 May 2022
© Tune Insight
Lausanne-based Tune Insight was awarded a Tech Seed loan from the FIT to help the start-up expand its development team and move from proofs-of-concept to licensing revenues in the fields of health, insurance and cybersecurity.
Tune Insight develops a software solution that enables organizations to collaborate securely for extracting collective insights from their most sensitive and confidential data.
Today, most organizations rely on data to make strategic decisions, through statistical analyses or machine learning, but they often realize their own data is not enough for them to make the best decisions. They are prevented from entering the data collaborations they need because of security, compliance and strategic risks.
In insurance and financial services for example, data collaborations can dramatically enhance fraud detection or risk calculation. In cybersecurity, organizations feel the need to collaborate to better defend against cyber threats, but cannot share the most valuable data and indicators for strategic reasons. Another sector sensitive to data sharing is healthcare. The promise of personalized health cannot be realized without processing data from multiple organizations.
To reduce the risk of data leaks and ensure compliance with personal data laws and regulations, Tune Insight’s solution helps companies make efficient decisions while securing their most sensitive data. As a result, organizations can collaborate securely to extract collective insights while ensuring that their data remains on their own premises and under their control, without being revealed to any other organization.
Multiple awards, a continous growth and accelerated product development
Since its creation in 2021, Tune Insight has been a >>venture<< 2021 finalist in ICT, a finalist of the 2021 Swisscom Startup Challenge, raised a first round of financing with Wingman Ventures, and was a second place winner of Tech4Trust. Tune Insight was also granted a Gebert Rüf Stiftung InnoBooster and launched two pilot projects with university hospitals in 2022.
The Tech Seed loan from the FIT, in the amount of CHF 100'000, will contribute to the expansion of the development team and to accelerate product development. In addition, the funds will be used to support the creation of a sales and customer satisfaction team while initiating the transition from proofs-of-concept and pre-scale deployments to recurring revenue, starting with health, insurance and cybersecurity.