An exclusive Tech Tribune Q&A with Riddhiman Das (co-founder and CEO) of TripleBlind, which was honored in our:
Tell us the origin story of TripleBlind – what problem were you trying to solve and why?
When Greg Storm and I co-founded TripleBlind, we saw a void in privacy enforced data and algorithm interactions. The core thesis at TripleBlind is that privacy enforced data and algorithm interactions will unlock the tremendous value currently trapped in private data stores and proprietary algorithms. We will move the world from “don’t be evil” to “can’t be evil” by enabling everyone to freely collaborate around their most sensitive data and algorithms without compromising their privacy. Together, we will create a new paradigm of compounded value.
What was the biggest hurdle you encountered in your journey?
One of the biggest hurdles we faced was people’s initial hesitation towards believing our technology successfully enables private data sharing. Historically, it has been very difficult to share encrypted data due to potential risk, regulations, inefficiency, etc., and when a technology emerges that solves these issues, it feels too good to be true. Earlier this year, we announced that we had secured $8.2 million in seed funding, which really validated TripleBlind.
Now we’re at a point where we are working with some of the biggest enterprises in the healthcare and financial services industry, like Mayo Clinic, Accenture, Snowflake, and BC Platforms.
What does the future hold for TripleBlind?
I am very excited about TripleBlind’s future. We have developed a way for businesses to collaborate that will create positive change in a multitude of industries. The opportunity to unlock sensitive data in an industry like healthcare will create more equity in diagnosis and treatment, which is a huge advancement.
Generally, I think TripleBlind will set a standard for data sharing and privacy that will last generations. Even now, our solution complies with all existing data privacy regulations like GDPR, HIPAA, and all data residency standards. I think we’re prepared for the future of data liquidity that puts privacy first. We predict that these regulations will be stricter and be implemented in more places around the world, but TripleBlind is prepared for that. It’s been in mind since the beginning.
What are your thoughts on the local tech startup scene in Kansas City?
The Kansas City startup ecosystem has been a huge supporter of TripleBlind as we have grown from a pre-seed company to where we are today. Groups like KCRise Fund, Flyover Capital, and the broader angel investor network have been critical to our growth as an early stage company and we couldn’t be more grateful to have them as a part of our journey.
What’s your best advice for aspiring entrepreneurs?
At times, it feels like you hit a wall or you want to give up. But I think the key is to keep at it because nothing comes to fruition so easily. It takes a lot of perseverance, support from others, and patience.