Wodan AI has secured €2 million in pre-seed funding to pioneer secure AI operations using Fully Homomorphic Encryption, addressing critical cybersecurity challenges in regulated sectors.

Target Company Overview

Wodan AI is a Spanish-Belgian deep-tech enterprise on the forefront of building an essential infrastructure layer for secure and private artificial intelligence (AI) operations. Recently, the company raised €2 million in a pre-seed funding round, which was spearheaded by JME Ventures along with participation from Swanlaab, Adara Ventures, and ScaleFund.

The significant challenge faced today is the rapid adoption of AI outpacing its security measures. AI systems, particularly in sensitive sectors like financial services, healthcare, and public administration, typically require decryption of data during processes such as training or inference. This exposes confidential information, posing systemic cyber risks as organizations increasingly depend on third-party providers.

Industry Overview

The accelerating AI adoption presents immense opportunities; however, it is also juxtaposed with increasing vulnerabilities. In regulated sectors, strong safeguards against data breaches have become essent