Company Research Report: Bitfount Ltd

1. Company Overview

Name

Bitfount Ltd

Mission

Bitfount’s goal is to make the world’s intractable data interactable by building a secure network for sending algorithms to data instead of moving data around.

Founding and Founders

• Founded by: Blaise Thompson (CEO & Co-founder), Naaman Tammuz (CPO & Co-founder)

Key People

• Blaise Thompson - CEO & Co-founder

• Naaman Tammuz - CPO & Co-founder

• Matt Seigel - Head of Engineering

• David Friend - Head of Business Development

• Advisory Board Members:

• Ronya Rubinstein - CEO, EndoSpot

• Prof. Pearse Keane - Professor of Artificial Medical Intelligence, University College London

• Sajan Khosla - Head of Real World Evidence, Oncology R&D, AstraZeneca

Headquarters

• Location: Shoreditch, London, UK

Number of Employees

No information is available

Revenue

No information is available

Notable Achievements

Bitfount is known for being a federated AI and data science platform that connects data owners, algorithm developers, and problem solvers to facilitate AI model training, running, and evaluation without data centralization. They were awarded the CogX 2023 Award for Best Innovation in Pharma for their work in clinical trials.

2. Products

Overview

Bitfount offers a range of federated AI and data science tools designed to facilitate secure and privacy-preserving data collaborations.

Key Products and Features

1. Federated AI Platform

• Enables training, running, and evaluating AI models without data centralization.

• Key Features:

• Privacy-preserving data collaborations.

• Federated learning, inference, and analytics.

• Support for Differential Privacy and Secure Aggregation.

2. Desktop Application

• No-code app for federated data science projects.

• Key Features:

• Available on Windows and Mac.

• Easy installation and setup.

• Run tasks and manage projects locally.

3. Python SDK

• Flexible integration with federated data science workflows.

• Key Features:

• Fully interoperable with Bitfount App and Hub.

• Pre-configured task templates.

• Docker image support.

4. Hub

• Cloud-based project management and monitoring.

• Key Features:

• Create and manage projects from anywhere.

• Role-based access controls (RBAC).

• Full audit trail and user administration tools.

3. Recent Developments

New Products and Features

• RETFound: Collaboration with Moorfields Eye Hospital and University College London to support the world’s first foundation model trained on retinal images through Bitfount's no-code platform.

• Milner Therapeutics Institute Partnership: Bitfount became an affiliate company with the Milner Therapeutics Institute to enhance innovation in HealthTech.

• New Team Members:

• David Friend joined as Head of Business Development.

• Sajan Khosla joined the advisory board.

• Awards: Received the CogX 2023 Award for Best Innovation in Pharma.

New Partnerships

• Partnership with the Milner Therapeutics Institute to advance collaborations in the healthcare sector.

• Engagement in the TRE-FX project to enable secure data collaborations across Trusted Research Environments (TREs).

4. Conclusion

This report highlights Bitfount Ltd as a pivotal player in the realm of federated AI and data science, emphasizing privacy-preserving data collaborations. By attaching algorithms to data rather than transferring sensitive information, Bitfount stands out in sectors such as life sciences, finance, and academic research.

Note: Some fields contain "No information is available" as the provided data did not cover this information.