• Nymiz also plans to use the capital to strengthen its workforce and expand its presence in Europe, Latin America, and the United States.

The company plans to use the funding to enhance data privacy in the era of generative AI by providing solutions for the safe and compliant exploitation of large volumes of data through anonymization and pseudonymization of unstructured data. Nymiz CEO Óscar Villanueva emphasized the growing demand for solutions that allow organizations to leverage the value of their data without compromising user privacy.

In addition to boosting data privacy, Nymiz intends to use the capital to strengthen its workforce and expand its presence in Europe, Latin America, and the United States. Swanlaab partner Juan Revuelta expressed confidence in Nymiz’s highly differentiated offering and its potential to become an undisputed leader in the protection of information and knowledge privacy, which is critical in the era of generative AI.

Geoffroy Rosset, founding partner of Auriga, also praised the quality of Nymiz’s founding team, product efficiency, and initial traction, stating that they were highly impressed by the company’s performance.

As organizations increasingly seek to harness the power of generative AI while ensuring data privacy, Nymiz is well-positioned to address this growing demand with its innovative solutions and the backing of prominent investors.