TripleBlind, a leader in AI and data privacy, has made a strategic move by appointing Prat Moghe, former Cloudera Executive Vice President, as its new CEO. Simultaneously, the company unveiled its groundbreaking AI Privacy Platform, designed to ensure comprehensive end-to-end privacy protection across the entire AI lifecycle, encompassing analytics, training, prompting, and inferencing.
The newly launched platform leverages patented AI Blinding™ technologies, including Blind Learning and Blind Inferencing, renowned for delivering industry-leading price performance and accuracy in privacy enhancement across all AI workloads. TripleBlind's mission has always been to develop highly performant and user-friendly technologies that establish robust privacy safeguards between AI models and sensitive data. The company has forged strategic partnerships with leading healthcare providers to create innovative platforms that enable private discovery, validation, and deployment of AI algorithms using de-identified data, ultimately expediting patient outcomes.
Enterprise leaders recognize the transformative potential of AI, which promises an estimated annual economic windfall ranging from $2.6 trillion to $4.4 trillion across diverse industries, as per McKinsey's projections for 2023. Nevertheless, their enthusiasm is tempered by the pressing concern of data privacy, with 77% of enterprises citing the evolving regulatory landscape as a significant obstacle to the widespread adoption of Large Language Models (LLMs).
“Balancing the promise of Gen AI’s growth, particularly LLMs, with the need to safeguard privacy has become a challenge for forward-thinking leaders. As a key tenet of responsible AI, privacy of sensitive data in use is an open challenge today,” said Riddhiman Das, co-founder and Chief Product Officer at TripleBlind. “I am thrilled to team up with Prat to launch our platform at a time when organizations look to actualize the massive impact AI can deliver.”
Prat Moghe was recently appointed as CEO at TripleBlind to spearhead the growth of TripleBlind’s team, customer base, and product offerings. Moghe brings a wealth of experience in building and scaling category creating technology leaders in data and analytics including Cloudera and Netezza, as well as growing early-stage startups through product market fit.
“TripleBlind’s AI Privacy Platform is the result of years of research and multiple inventions by some of the most brilliant minds in cryptography and privacy. I am excited to be part of the team to help accelerate the growth of responsible AI powered by enterprise data,” said Prat Moghe, CEO at TripleBlind. “A growing number of healthcare systems and enterprises are excited to partner with us, and we’re looking forward to welcoming them to our early access program.”
"As we launch our VELOCITY platform to help the pharmaceutical industry with data science insights on-demand, Sentier is coming to the market with new Gen AI-based tools. Partnering with TripleBlind provides our clients with the trust that end-to-end privacy is enabled between models and enterprise data," said Rich Sokolosky, CEO at Sentier Analytics, a leading AI company for life sciences and a member of TripleBlind’s early access program.