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January 3, 2025 – In an era where data breaches are a stark reality, Privasea introduces DeepSea, its AI network that integrates deep learning capabilities with Fully Homomorphic Encryption (FHE). This update comes just days after Privasea raised $15 million in total following its recent Series A funding with participation from GSR and Amber. With its testnet beta launch on January 6th, DeepSea redefines how we approach data privacy in AI applications.
But what does this mean for the internet of the near future? How does this apply to humans in their everyday lives? Let’s take a look at how DeepSea changes data privacy and security online.
What is DeepSea?
DeepSea is an evolution in secure computing and digital privacy. It allows AI systems to perform deep learning inference on encrypted data.
Here’s how it works:
FHE at Its Core: DeepSea uses Fully Homomorphic Encryption, allowing computations on data while it remains encrypted. This means your data can be analyzed or processed without ever being exposed in its raw form.
User Empowerment: With DeepSea, users can engage with AI tech without sacrificing privacy. Whether it’s for healthcare, finance, or personal use, DeepSea ensures your data is safe from the moment it enters the system until it leaves.
The Need for DeepSea
Today, dAta privacy is no longer a luxury. Every day, cybercriminals target businesses, especially startups, where the focus on growth often overshadows security of their user database. People are products and your data is their new currency.
Statistics reveal that 43% of data leaks occur in small businesses, making them prime targets. These breaches erode trust between organizations and people.
DeepSea arrives at a time when privacy laws like GDPR are tightening, and the cost of non-compliance is soaring. With DeepSea, Privasea tackles these challenges head-on by ensuring that data privacy does not compromise the pace of innovation or functionality, particularly in AI and deep learning.
Key Features of DeepSea’s Launch
Dashboard Release: A new user interface where you can manage and monitor your privacy settings and data usage in real-time.
Node Programs: The beta release includes the Workheart Node for physical proof-of-work and the Privanetix Node for high-performance computing tasks. Owners of Workheart Nodes will receive exclusive airdrops, empowering them to be at the forefront of this privacy revolution.
Real-World Applications of DeepSea
Identity Verification: The digital age has brought scams and bot accounts to new heights. Privasea’s ImHuman App, compatible with DeepSea, provides a solution. It verifies your humanity without compromising your identity. Instead of sharing sensitive details, you get a unique NFT as your proof of identity, secure from phishing or misuse.
Healthcare: Imagine a world where your medical records are used to improve AI diagnostics without ever risking your personal health information. DeepSea makes this possible, preventing scenarios like the Ascension data breach that exposed 5.6 million patients. Now, every diagnosis, scan, or record can be processed securely.
Small Businesses: For startups, DeepSea means scaling without the fear of becoming the next cybercrime statistic. By integrating AI for growth while maintaining compliance with privacy laws, businesses can focus on what they do best – innovate. To take this initiative even further, Privasea has also joined the Volvo CampX incubator in 2024 to allow for building more applications based on FHE and ML models.
The DeepSea Advantage
Privacy Without Compromise: DeepSea AI at your fingertips without its privacy pitfalls. No more choosing between innovation and security; it’s about having both available and accessible to you.
Compliance Ready: As regulations evolve, DeepSea ensures organizations are ahead of the curve, turning potential liabilities into competitive advantages.
User Trust: By safeguarding personal data, DeepSea fosters a new level of trust between users and technology providers, which is crucial in an era where trust is easily lost.
Launch Details
DeepSea’s testnet beta is available now, offering early adopters a chance to experience this new wave of privacy-focused computing. Privasea invites developers, businesses, and privacy advocates to join this journey, test our systems, and help shape a secure digital future.
Privasea’s commitment goes beyond this launch alone. With plans for the Genesis release on January 27th and the full mainnet in Q1 2025, the team is building a movement towards a world where privacy is as integral as technology itself.
About Privasea
Founded with the vision of integrating privacy into the fabric of AI, Privasea has been backed by industry leaders like Binance Labs and OKX Ventures, positioning it as a pioneer in privacy computing. With DeepSea, Privasea isn’t just launching a network; it’s launching a safer, more private digital world for everyone.