Apr 28, 2022
Startbase
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To get an overview of our company – here are the numbers.
The Berlin-based company Xayn provides users with the Xayn News Reader, a personalized, continuous news feed - without advertising or data storage. The company thus offers innovative and secure media consumption and supports free and independent media as an important pillar for strong democratic societies. Xayn is based on decentralized AI from Europe and ushers in a new generation of user-friendly privacy technology.
The AI company started as a research project at The University of Oxford and Imperial College London by Leif-Nissen Lundbæk (PhD) and Professor Michael Huth. Together with Felix Hahmann, they founded the tech company in 2017.
To this day, that academic vision remains with a workforce comprised of around 30% PhDs. The company also developed XayNet, the open-source framework for Masked Federated Learning.
The start-up has received investment funding of 19.5 million EURO from Global Brain Corporation, KDDI Open Innovation Fund, Earlybird as well as Dominik Schiener. Xayn has worked with corporations such as Porsche, Daimler, Deutsche Bahn, and Siemens.
