Decentriq

Decentriq

Decentriq is a company combining machine learning and cryptography to analyze any dataset.

Decentriq is a company that generates analytics reports without accessing sensitive data. The company was established by Maximilian Groth and Alexander Katz in 2017. Before establishing Decentriq, Groth has past experiences working in the data analytics and cryptography field, where he identifies the risks inherent in providing information for analytics purposes to third-party providers. In response, Decentriq aims to support the development and utilize decentralized blockchain technology to avert these risks. Decentriq is based in Zug, Switzerland.

Product

Decentriq utilizes distributed ledger technology (DLT) to encrypt its clients data, thus providing confidentiality on the individual content of the data, while at the same time, remaining accurate in its client-requested reports. More specifically, Decentriq employs the use of zero-knowledge proofs and multi-party computation. One of its use cases is Decentriq’s partnership with Limeyard, the Switzerland-based index provider, to create a cryptocurrency market index that can provide an overview of the current performance of publicly traded cryptocurrencies. This market index is called LIMEYARD Crypto Assets Index (LYCAI), which reports on the aggregated performance of 20 of these cryptocurrencies, including Bitcoin, Ethereum, Ripple, and EOS.  

Timeline

Funding rounds

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Funding type
Funding round amount (USD)
Funding round date
Investment
Decentriq Seed round October 2020
3,800,000
October 2020
1 Result
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People

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Role
LinkedIn

Alexander Katz

Co-Founder

Maximilian Groth

Co-Founder

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