Linksight Funding Increases Possibilities Around “Privacy by Design”

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How to get insights from sensitive data while protecting privacy? This is a question that concerns technology companies and society as a whole. Linksight, a spin-off of TNO, a Dutch privacy-by-design start-up, aims to solve this 21st digital dilemma of the century. LUMO Labs has announced a pre-seed investment in the startup, as it states in a press release.

The investment – an undisclosed figure – is being made through its LUMO Fund II TTT AI, the consortium which includes Dutch knowledge institutes, including university hospitals in Amsterdam, Utrecht and Nijmegen.

Linksight provides in-depth analytics using multi-party computation to hide data details and blockchain to prove compliance. Linksight’s technology allows multiple datasets to be analyzed without actually sharing sensitive data, giving customers real-time insights while adhering to privacy regulations.

This allows, for example, healthcare providers and health insurers to benefit from each other’s data without share those data. Privacy is built in from the start when designing and developing the Linksight platform. The startup’s initial market is healthcare and government agencies, sectors where optimal privacy protection is crucial.

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“Privacy-by-design infrastructure is the new normal for any IoT or AI application, especially those involving sensitive personal data,” said Andy Lürling, founding partner of LUMO Labs. “The Linksight multi-party computing platform is by far the most innovative and relevant example of privacy-by-design we’ve seen in this space so far.” Additionally, Linksight uses blockchain technology to technically enforce data analytics/data governance rules and to prove compliance afterwards. “Linksight uses a blockchain that does not rely on high energy cost for security,” said Martine van de Gaar, co-founder and CEO of Linksight.

Linksight pioneered the development of a cryptographic technology called Secure Multiparty Computing (MPC). The original research on which Linksight is based comes from TNO, the Dutch independent public-private R&D institute. MPC technology enables secure and privacy-enhancing computation of encrypted data without revealing sensitive information in the data.

The first iteration of the Linksight platform was developed by TNO in co-creation with CZ Health Insurance, Zuyderland Medical Center and Statistics Netherlands (CBS). Dutch ministry officials recognized Linksight’s innovations and awarded Linksight SBIR Cryptocommunications Phase 1 for the government market.

“We are very pleased that through this investment we are contributing to the transfer of deep technological innovation that occurs within Dutch knowledge institutions into tangible and relevant market propositions,” said Sven Bakkes, founding partner of LUMO Labs. “Not only the technology, but also the management team of Linksight reflects and comes from TNO’s vast network, experience and expertise.”

“We are building a platform where data scientists from different organizations can perform analysis on shared datasets without the underlying sensitive data actually being shared. Not with each other, not with us,” Van der Gaar said. “We believe we can help improve healthcare and other relevant industries by removing a major barrier to data cooperation: the risk and hassle of sharing sensitive data.”

Learn more about Lumo Labs here

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