Seed Capital Bizkaia, through the BI Fund, has participated in a new funding round for Sherpa.ai, the Basque artificial intelligence company focused on data security and privacy.
Founded in 2013, Sherpa.ai has established itself as one of Europe's most advanced federated AI platforms, a technology that enables models to be trained without moving or exposing data, thereby strengthening data sovereignty, security, and regulatory compliance.
With this capital injection, Sherpa.ai will accelerate the development of its platform and expand its deployment across strategic sectors where it already collaborates with leading institutions.
The investment will enable Sherpa.ai to continue developing an AI infrastructure that allows organisations to train, deploy, and operate models collaboratively without sharing sensitive information. This approach is particularly relevant for regulated industries such as healthcare, financial services, manufacturing, cybersecurity, and the public sector, where privacy and security requirements can limit the traditional deployment of artificial intelligence.
"This funding round allows us to accelerate our vision: to develop and commercialise a secure, scalable artificial intelligence platform that enables companies and governments to unlock the full potential of AI without sacrificing control, privacy, or sovereignty over their data," said Xabi Uribe-Etxebarria, Founder and CEO of Sherpa.ai.
BI Fund, Supporting Technological Innovation
Seed Capital Bizkaia's BI Fund focuses on fostering high-impact technology projects with strong global growth potential, helping to strengthen Bizkaia's innovation ecosystem and position the region as a benchmark for the development of advanced technological solutions.
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