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Founded Year

2015

Stage

Series B - III | Alive

Total Raised

$46.22M

About BaseBit

BaseBit operates as a company focused on the operation and enablement of the internet of data and computing within the data and computing industry. The company's main services involve leveraging privacy computing technologies to facilitate authorized data sharing, create data liquidity, lower the barriers of data science for all, and advance artificial intelligence. It was founded in 2015 and is based in Shanghai, Shanghai.

Headquarters Location

Changning District 3rd Floor , Building A , No.492 Anhua Road

Shanghai, Shanghai,

China

86 21 60290926

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BaseBit's Product Videos

BaseBit's Products & Differentiators

    XDP

    XDP establishes a data ecosystem that enables data storage, compute, and collaboration, all under the umbrella of privacy and security computing technologies. XDP provides a suite of functionalities such as data collection, cleaning, analysis, and application that span entire data lifecycles, while at the same time ensures data security, authorized use and privacy protection. XDP is a one-stop shop for multi-party research collaboration, greatly improving the efficiency of data centric scientific researches.

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Expert Collections containing BaseBit

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

BaseBit is included in 2 Expert Collections, including Artificial Intelligence.

A

Artificial Intelligence

11,370 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

D

Digital Health

10,804 items

The digital health collection includes vendors developing software, platforms, sensor & robotic hardware, health data infrastructure, and tech-enabled services in healthcare. The list excludes pureplay pharma/biopharma, sequencing instruments, gene editing, and assistive tech.

Latest BaseBit News

IoDC Company BaseBit.ai Completes Hundreds Millions of CNY in Series B++ Funding

Apr 19, 2023

Technology Author: Steve Bu Editor: Lina Peng Updated 32 mins ago (GMT+8)    According to recent reports from EqualOcean, BaseBit.ai (翼方健数), a data and computation internet company (IoDC) based in Shanghai and founded in 2016, has announced the completion of a B++ round of financing worth hundreds of millions of yuan. The specific amount and investors of financing have not been disclosed, and Drift Cloud Capital (行云资本) served as the exclusive financial advisor. BaseBit.ai is a technology company focused on the circulation of elements in the data-driven era. The company constructs and operates the "Internet of Data and Computation (IoDC)" using full-stack technologies such as privacy-safe computation, big data, and artificial intelligence. It promotes the generation of value by facilitating the circulation of elements while protecting data and model assets, data and model security, and personal privacy. Through the "raw data stays in the domain, data can be used but not visible" approach and multi-node resource matching and scheduling, BaseBit.ai enables the orderly circulation and value release of elements in industries such as government, healthcare, insurance, finance, and marketing, reduces barriers, and promotes the development of industry application ecology. Currently, the company's core technology is privacy-safe computation, which protects the privacy and confidentiality implied by data and enables the sharing of data value while avoiding the loss, transfer, and loss of control of data assets. BaseBit.ai is listed as a "federated machine learning supplier" in Gartner's "Predicts 2022: Core Technologies of Artificial Intelligence" report and a "multi-party secure computation representative supplier" in the "2022 China Network Security Technology Maturity Curve" report. EqualOcean's research reveals that the founding team of BaseBit.ai all come from top computer science programs such as Stanford University, Princeton University, and the University of Science and Technology of China. The company has hired Alibaba Group's (阿里巴巴) Technical Committee Chairman Zeng Ming and former Baidu (百度) COO Lu Qi as strategic advisors and has several academician-level scholars on its Technical Strategy Committee, making for a strong lineup. This year, BaseBit.ai also launched a globalization plan centered on Hong Kong for expansion. After this round of financing, BaseBit.ai will use a group operation mode to better integrate multiple regional forces, replicate successful closed-loop models, and accelerate the construction of a global IoDC network based on the construction and operation of regional and industry IoDCs. IoDC is a relatively new concept, but privacy computation technology closely related to it has already attracted attention from all sides in China and abroad. According to the "Privacy Computing White Paper (2022)" released by the China Academy of Information and Communications Technology, it is expected that the privacy computing market in China will reach hundreds of billions of yuan by 2025. Statistics show that in just four months from July to October 2021, the privacy computation track received 1 billion yuan in financing. 2021 is also considered the year of commercial landing for privacy computation. Currently, players in the market are mainly concentrated among a group of internet giants and tech unicorn startups. In China, Ant Group (蚂蚁集团), WeBank (微众银行), and Baidu were the first to enter the field, with InsightOne (洞见科技), HuaKong TsingJiao (华控清交), and Nuowei Tech (锘崴科技) following closely behind. Among foreign players, Microsoft and IBM have collectively obtained more than 600 related patents. Selected reports

BaseBit Frequently Asked Questions (FAQ)

  • When was BaseBit founded?

    BaseBit was founded in 2015.

  • Where is BaseBit's headquarters?

    BaseBit's headquarters is located at Changning District, Shanghai.

  • What is BaseBit's latest funding round?

    BaseBit's latest funding round is Series B - III.

  • How much did BaseBit raise?

    BaseBit raised a total of $46.22M.

  • Who are the investors of BaseBit?

    Investors of BaseBit include LDV Partners, China Fortune-Tech Capital and MiraclePlus.

  • Who are BaseBit's competitors?

    Competitors of BaseBit include SYNYI.AI and 3 more.

  • What products does BaseBit offer?

    BaseBit's products include XDP and 3 more.

  • Who are BaseBit's customers?

    Customers of BaseBit include RUIJING HOSPITAL SHANGHAI JIAOTONG UNIVERSITY SCHOOL OF MEDICINE, Chinese Academy of Sciences and Yichang City – Infectious Disease Control System.

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