Sherpa secures €16 million to build an AI platform centred on data sovereignty
Executive summary: Sherpa, founded by Xabi Uribe-Etxebarria, closed a €16 million investment round led by Forgepoint Capital with participation from existing investors including Mundi Ventur, to develop its data‑sovereign AI platform. The investment underscores rising demand for AI that complies with strict data‑privacy regulations and could accelerate the adoption of privacy‑first AI across Europe. Sherpa (founder Xabi Uribe-Etxebarria), Forgepoint Capital, Mundi Ventur, and other current backers. Sherpa will use the capital to productize its AI offering, launch pilot projects with enterprise clients, and potentially raise additional funding as it scales.
The round, led by Silicon Valley’s Forgepoint Capital and joined by existing backers such as Mundi Ventur, gives Sherpa the financing needed to advance its privacy‑first AI technology. By highlighting data sovereignty, the deal reflects a growing investor appetite for AI solutions that can satisfy stringent EU data‑protection rules. The funding could accelerate Sherpa’s product development and signal to other European AI firms that compliance‑focused AI is an attractive investment theme.
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