LeapYear Technologies is a technology company.
LeapYear Technologies has raised $54.0M across 3 funding rounds.
Key people at LeapYear Technologies.
LeapYear Technologies has raised $54.0M in total across 3 funding rounds.
LeapYear Technologies has raised $54.0M in total across 3 funding rounds.
LeapYear Technologies's investors include Bain Capital Ventures, General Atlantic, Harpoon, Jackson Square Ventures, Lightspeed Venture Partners, Sapphire Ventures, Unusual Ventures.
Key people at LeapYear Technologies.
LeapYear Technologies is a portfolio company that developed a software platform enabling privacy-preserving analytics, aggregates, and machine learning on sensitive data using differential privacy techniques. It served enterprises in healthcare, financial services, banking, and other data-driven industries, solving the problem of securely analyzing and sharing sensitive data across silos, borders, and third parties without compromising privacy.[1][2][5] The platform allowed businesses to unlock value from restricted data assets for analytics, AI, and partnerships, generating $19 million in revenue with 13 employees before its acquisition by Snowflake in February 2023 for an undisclosed amount, following $10.8 million in funding.[1][2]
Founded in 2015 in San Francisco, California, LeapYear emerged from research in cryptography, machine learning, and information theory to address the challenge of privacy in data analytics.[1][2] The team built the first enterprise platform for differentially private machine learning, targeting industries where data sensitivity blocked innovation, such as finance and healthcare.[1][5] Early traction came from deployments by leading institutions, proving the technology's ability to enable secure data sharing and new profitability streams, culminating in Snowflake's acquisition announcement on February 7, 2023, to enhance its data cleanroom capabilities.[2][3][5]
LeapYear rode the wave of data privacy regulations (e.g., GDPR, CCPA) and rising demand for secure AI amid exploding data volumes, where traditional anonymization failed against modern attacks.[1][5] Its timing aligned with the shift to data cleanrooms and collaborative analytics, as seen in Snowflake's ecosystem for industries like media (Disney, Roku) and retail, enabling safe partnerships without raw data exposure.[5] By pioneering enterprise differential privacy, LeapYear influenced the ecosystem toward privacy-by-design in cloud data platforms, boosting Snowflake's capabilities in mobilizing sensitive data for ML and monetization.[2][3][5]
Post-acquisition, LeapYear's technology is integrated into Snowflake, enhancing global data cleanrooms with differential privacy to unlock more sensitive datasets for AI and collaborations.[3][5] Trends like federated learning, zero-trust data sharing, and AI governance will amplify its impact, potentially expanding to new verticals amid tightening global privacy laws. Snowflake's scale positions LeapYear's innovations to redefine secure data economies, evolving from a standalone platform to a foundational layer in enterprise data infrastructure—fulfilling its mission to access any data with top-tier privacy.[1][5]
LeapYear Technologies has raised $54.0M across 3 funding rounds. Most recently, it raised $15.0M Venture Round in September 2021.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Sep 1, 2021 | $15.0M Venture Round | Bain Capital Ventures, General Atlantic, Harpoon, Jackson Square Ventures, Lightspeed Venture Partners, Sapphire Ventures, Unusual Ventures | |
| May 1, 2019 | $26.0M Series B | Bain Capital Ventures, General Atlantic, Jackson Square Ventures, Lightspeed Venture Partners, Sapphire Ventures | |
| Aug 1, 2016 | $13.0M Series A | Bain Capital Ventures, Lightspeed Venture Partners, Sapphire Ventures |