A new CEO for Kansas City-based TripleBlind allows the privacy tech startup to advance into a growth stage company — one potentially headed toward a public offering — taking advantage of recent momentum around enterprise artificial intelligence solutions, said Riddhiman Das.
TripleBlind on Monday announced the appointment of Prat Moghe, former executive vice president of the software firm Cloudera, as its new CEO. Moghe succeeds Das, co-founder of TripleBlind, who is transitioning into a chief product officer role.
“It was an easy decision professionally and personally,” Das told Startland News. “Prat adds rocket boosters to TripleBlind, and our partnership here allows us to use our complementary skills and background to build a generation-defining company.”
Moghe is tasked with spearheading the growth of TripleBlind’s team, customer base, and product offerings.
The company also this week revealed plans for its AI Privacy Platform to ensure automatic end-to-end privacy protection across the breadth of the full AI lifecycle from analytics, training, prompting, and inferencing.
“With the recent advancements in Generative AI and LLMs [large language models], enterprises looking to adopt them are looking for ways to develop trust in them, and I’m excited to partner with Prat to bring the Trust Layer for Data across the AI lifecycle to market,” Das said.
TripleBlind — the leading company offering data and algorithm privacy across healthcare and financial services — is expected to continue to be Kansas City-based with the leadership addition.
“I am excited to be part of the team to help accelerate the growth of responsible AI powered by enterprise data,” said Moghe, who brings a wealth of experience from Cloudera and Netezza, as well as growing early-stage startups through product market fit. “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.”
Company officials indicated this week TripleBlind could take steps to go public with the business to help amplify the impact of its solutions.
“We believe that the ability to unlock data silos by making privacy a non-concern really unlocks the tremendous amount of potential that is trapped behind enterprise firewalls,” Das said. “That is an incredibly large impact that TripleBlind is seeking to deliver, which does feel like an IPO worthy opportunity. The IPO is a representation of the scale of the problem to solve, not necessarily an end goal in and of itself.”
From its inception, TripleBlind has focused on developing the most performant and usable technologies that ensure privacy between AI models and sensitive data, the company said. It has partnered with leading healthcare providers to develop transformative platforms to privately discover, validate and deploy AI algorithms on de-identified data to accelerate patient outcomes.
The TripleBlind team — also led by Greg Storm, co-founder, and Craig Gentry, chief technology officer — includes some of the world’s leading cryptographers and is backed by General Catalyst, Mayo Clinic, Accenture, and locally KCRise Fund.
Its newly announced platform is built on patented AI Blinding technologies, such as Blind Learning and Blind Inferencing, that provide industry leading price performance and accuracy for privacy enhancement for all AI workloads.
“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,” said Moghe.
Click here to read more from Riddhiman Das about the new platform and its approach to AI privacy.