Mayo Clinic invests in data privacy startup TripleBlind
Mayo Clinic, the renowned US healthcare company, has invested in TripleBlind, a startup developing a platform that enables companies to train models on encrypted data.
The Missouri-based startup has raised $8.2 million in a round that featured Mayo Clinic along with Accenture Ventures, Okta Ventures and NextGen Venture Partners among others. The investment from Mayo expands their current collaboration, which began in late 2020.
Researchers at Mayo Clinic are using TripleBlind’s tools to validate interoperability of algorithms on encrypted data, and train new algorithms on private data. TripleBlind’s API-driven virtual exchange solution is based on breakthroughs in advanced mathematics, which the Mayo Clinic team is validating. The data and intellectual property in the algorithm is kept secure and addresses the issue of healthcare systems having to either transfer data or algorithms outside their institution for experts to train or conduct research. The encryption conduit Mayo Clinic is evaluating will eliminate the need to transfer data externally or share algorithms.
The collaboration is also seeking to demonstrate that TripleBlind’s toolset can be applied to train and develop entirely new algorithms from independent entities anywhere in the world without the need to share raw data, preserving privacy and security while meeting regulatory standards.
“TripleBlind’s API-driven virtual exchange solution accelerates how organisations develop, test and deploy AI solutions in healthcare, and leverage third party data amidst heavily regulated privacy concerns,” said Riddhiman Das, co-founder and CEO of TripleBlind. “We believe Mayo Clinic’s investment further supports our approach and we’re excited to continue our collaboration to deploy TripleBlind’s encryption tools and work on real-world applications.”
Microsoft launches Tech for Social Impact for elderly care
Microsoft Tech for Social Impact, the tech giant's division offering tools for non profit organisations, has announced it is expanding to include aged care non profits around the world.
This means that non profit organisations helping elderly residents in nursing homes or with other daily support will now be eligible for technology grants and discounts of up to 75%, as well as training and capacity building to help with digital transformation.
The care home sector has been one of the hardest hit by the COVID-19 pandemic, caring for some of the most vulnerable people in society. As a result organisations around the world have been deploying innovative technologies, such as IoT to create monitoring solutions that enable independent living, through to AI-driven robots that provide companionship as well as alert the user's care team if there are any changes to their symptoms.
The German Red Cross (DRK) is an early adopter that is already benefitting from this programme expansion as part of Microsoft Tech for Social's pilot scheme. DRK provides services and assistance to over 40,000 people at more than 500 aged care facilities in Germany, with a further 90,000 receiving care in their own homes.
Thanks to Microsoft 365 cloud technologies such as SharePoint and OneDrive, along with Teams for communication, DRK was able to continue its daily work even at the height of the pandemic crisis. Residents of DRK facilities used Teams to keep in touch with relatives despite restrictions to visits, and there are plans to continue using these channels in the future to prevent isolation among residents.
Following the pilot’s success, the programme will offer discounts and grants to eligible organisations for its Microsoft cloud stack including Business Applications, Azure and Modern Work, leveraging the firm's sector-specific tools with Microsoft Cloud for Nonprofit which will be generally available in the second half of 2021.
Microsoft estimate that around 75,000 new non profit organisations around the world will be eligible for the programme.