What Privasea does

Privasea is a Swedish-headquartered (Gothenburg) private company founded in 2022 that builds privacy-preserving AI infrastructure using Fully Homomorphic Encryption (FHE). Its core product portfolio centers on two offerings: the FheID mobile app (formerly ImHuman), which performs on-device facial biometric verification by converting facial features into FHE-encrypted vectors and minting them as unique NFTs for Proof-of-Human attestations; and the DeepSea AI Network, a decentralized compute network that executes machine learning inference on encrypted data without decryption. Supporting products include WorkHeart USB hardware nodes (0.2 ETH each) and Privanetix software nodes that contribute FHE compute power via PoW/PoS consensus, StarFuel NFTs that amplify node rewards, BotOr_NotABot (a Telegram mini-app for group human verification), FHeSIM (FHE-based KYC/eSIM), FHE-DiSNN (a privacy-preserving spiking neural network framework), and three autonomous AI Agents (Angler, Yeti, Menta) for social mining and inference tasks.

Privasea monetizes through a combination of token-based economics (PRAI token for staking, governance, and compute service payments), one-time hardware sales of WorkHeart USB nodes and StarFuel NFTs, and usage-based fees for FHE computation services purchased by clients to restock the node rewards pool. Go-to-market is community-led and product-led, leveraging referral programs (Genesis Stars), ecosystem campaigns, and partnerships with exchanges and protocols (Binance Labs, Gate Labs, OKX, Zama, easeflow, AIRian, Gate.io Web3, Arbitrum, Solana, TON, Chainbase). Primary customer segments are Web3 users and protocols needing Sybil resistance and airdrop protection, with secondary targets in healthcare (via MAI) and financial institutions for privacy-preserving cross-organizational data analysis. As of January 2025, the company secured $15M Series A funding at a $180M post-money valuation, bringing total disclosed funding to roughly $20M+.

The company operates with a lean team of 1-10 employees as a remote-first organization headquartered in Gothenburg, Sweden, with the DeepSea mainnet scheduled for Q1/Q2 2025. GDPR compliance is claimed for the FheID app using AWS Standard Contractual Clauses for international data transfers. The legal entity is Privasea AI Limited, a private Swedish limited company.

Name

Privasea

Legal name

Privasea AI Limited

Website

https://privasea.ai

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Privasea builds privacy-preserving AI infrastructure using Fully Homomorphic Encryption, offering the FheID app for biometric Proof-of-Human verification and the DeepSea AI Network for confidential machine learning on encrypted data, serving Web3 protocols, node operators, and healthcare and financial institutions.

Ownership category

akta.pro rank

Product category

Privacy Computing / Confidential AI Infrastructure

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

akta.pro primary industry

Confidential AI & Privacy-Preserving ML (federated learning, MPC, HE, TEEs) (HDAAAKAI)

akta.pro secondary industries

Authentication (MFA/Passwordless/Biometrics) Platforms (BPAMAEAE), Privacy-Preserving On-Device ML (secure enclaves, TEEs, differential privacy) (HDAAAJAH)

Keywords

• Homomorphic encryption
• Privacy computing
• Proof of humanity
• Decentralized AI network
• Encrypted machine learning

Headquarters

HQ city

Gothenburg

HQ country

Sweden

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Supply Chain, Marketing or Sales, Personnel, Infrastructure, Operations

Revenue model

1. PRAI Token Economy: PRAI is the utility token that powers the DeepSea AI Network, enabling staking for node operators, governance participation, and compensation for FHE computation services. Token distribution includes allocations for WorkHeart USB PoW rewards (6.666% of supply), StarFuel NFT airdrops (0.75%), and ecosystem incentives (10%).
2. Node Hardware Sales: Sale of WorkHeart USB hardware nodes at 0.2 ETH per unit, with early-bird combo packages including StarFuel NFT at 0.3 ETH. Nodes generate token rewards through Proof-of-Work contributions to the network.
3. FHE Computation Services: Revenue generated from FHE computation demand purchased by clients to restock the rewards pool, providing self-sustaining ecosystem where USB nodes are rewarded by computational demand.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels8 records

Core offering

Privasea provides privacy-preserving AI computing infrastructure through its DeepSea AI Network, which uses Fully Homomorphic Encryption (FHE) to enable machine learning inference on encrypted data without decryption. The FheID mobile app offers Proof of Humanity verification via encrypted facial biometrics, while WorkHeart USB nodes and Privanetix software nodes supply distributed FHE compute power for the network.

Product overview

Privasea is a decentralized FHEML (Fully Homomorphic Encryption Machine Learning) infrastructure company offering a unified platform for privacy-preserving AI computation. The core portfolio consists of the FheID app for human liveness verification and the DeepSea AI Network for confidential machine learning on encrypted data. FheID enables Proof of Humanity through encrypted facial biometrics without exposing personal data, minting a unique NFT for each verified user. DeepSea powers FHE computation across distributed Privanetix nodes (physical WorkHeart USB or software-based) with PoW/PoS consensus, while AI Agents handle social mining and data tasks. Supporting products include BotOr_NotABot (Telegram verification), StarFuel NFT (reward amplifier), Genesis Stars (campaign rewards), FHeSIM (Web3 identity), and FHE-DiSNN (privacy neural networks).

Differentiator

Problem solved

Functional benefit

Products and services

• FheID App Mobile application that performs human liveness verification by converting facial biometrics into encrypted vectors on-device and minting a unique NFT as proof of human identity, without exposing personal data. Designed for individual users seeking Proof of Humanity across Web2 and Web3 platforms.
• DeepSea AI Network Decentralized AI network powered by FHE deep learning that enables confidential machine learning inferencing on encrypted data using distributed Privanetix nodes with PoW/PoS consensus. Designed for node operators, FHE compute power contributors, and clients needing privacy-preserving AI computation.
• WorkHeart USB Node Physical USB hardware node that serves as the backbone of the Proof-of-Work DePIN architecture, providing computational power for FHE operations on the DeepSea network. Designed for node operators seeking to earn token rewards by contributing compute resources.
• Privanetix Node Software node for executing FHE tasks within the DeepSea network. Generates rewards based on online status and uptime. Designed for node operators running supported Ubuntu environments.
• BotOr_NotABot Telegram Mini App that links users' Telegram accounts to the FheID App via OTP verification for human liveness verification. Enables group verifications and airdrop eligibility checks for verified humans only within Telegram.
• AI Agent (Agent Angler, Agent Yeti, Agent Menta) Decentralized AI agents within the DeepSea ecosystem designed for social mining, data mining, and large-scale AI applications. Powered by verified human users from the FheID app.

Quantifiable outcome

• Enables privacy-preserving AI inference without data decryption
• +2 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability8 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and strategic.

• ZamacoreTechnology or Integration · 1 January 2024Zama provides the concrete ML and tfhe-rs FHE library that powers Privasea's confidential machine learning computations. The partnership enables FHE-based AI operations across the DeepSea network.
• easeflowcoreStrategic or Co-development Partner · 1 January 2024AI-powered node management platform offering delegated node operation services. easeflow integrates ImHuman App as its official PoH verification tool and participates in Privasea's Ecosystem Campaigns. Users can delegate WorkHeart USB operations through easeflow's Node-as-a-Service.
• MAI (Medical AI)strategicStrategic or Co-development PartnerMedical AI chatbot providing personalized healthcare solutions. Partnership integrates Privasea's PoH verification as an additional security option for logging into the MAI app, enhancing privacy for users accessing sensitive medical data.
• AIRianstrategicStrategic or Co-development PartnerDePIN, Sport AI, and Social-Fi platform building the world's largest global community of runners. Partnership brings PoH verification to AIRian's RunnerX dApp and AIRSPACE community, requiring human verification before purchasing nodes and participating in marathons.
• Gate.io Web3strategicGTM or Marketing PartnerComprehensive Web3 platform for discovering airdrop opportunities. Partnership launches incentive campaigns through Gate Web3 Tasks platform and integrates Privasea's PoH service to verify human likeness of participants across Gate's ecosystem.
• ArbitrumstrategicGTM or Marketing PartnerEthereum Layer 2 scaling solution where Privasea's Proof of Humanity is live in Season 2 via the ImHuman app, enabling users to verify human likeness and earn rewards in the Arbitrum ecosystem.
• SolanastrategicGTM or Marketing PartnerHigh-performance blockchain where Privasea launched the ImHuman app during Season 1 campaign, making the app available on both App Store and Google Play.
• TON NetworkstrategicTechnology or IntegrationDecentralized network created by Telegram community. Privasea deployed the 'Secure LivenessCheck Bot' for TON, providing FHE-based face recognition authentication within Telegram using encrypted data processing.

Scale indicators11 records

Expansion highlights5 records

Direct peers

• Worldcoin (Tools for Humanity): Worldcoin is the most direct competitor in Proof-of-Humanity verification, using iris-scanning 'Orb' hardware to issue World IDs. It targets the same Sybil resistance, airdrop eligibility, and bot-prevention use cases as Privasea's FheID, but with a much larger user base and resource pool — making it the primary benchmark for PoH market leadership.
• Humanity Protocol: Humanity Protocol offers palm-recognition-based Proof-of-Humanity with strong privacy claims, raising at a $1B valuation in 2024. It targets the same Web3 identity and airdrop Sybil resistance use cases as Privasea, with significantly more capital and a celebrity-driven growth strategy.
• Zama: Zama is the open-source FHE library provider (concrete ML, tfhe-rs) that powers Privasea's DeepSea computations. While Zama is also a partner, it is concurrently building its own confidential AI application layer and developer ecosystem, making it both an enabler and a potential horizontal competitor in the FHE AI stack.
• Idena: Idena is a Proof-of-Personhood blockchain that uses AI-resistant validation ceremonies to verify unique humans. It targets the same one-person-one-account Sybil resistance use case as Privasea's FheID, positioning itself as a privacy-preserving alternative to biometric PoH systems.
• Phala Network: Phala Network is a decentralized compute platform using Trusted Execution Environments (TEEs) and is moving into FHE-based confidential AI computation. It competes directly with Privasea's DeepSea in providing privacy-preserving AI compute infrastructure, with overlapping target customers in Web3 and enterprise.
• Civic: Civic is an established decentralized identity platform offering KYC, identity verification, and access management with on-chain attestations. It serves overlapping Web3 identity and Sybil resistance use cases as Privasea, with longer market tenure and enterprise partnerships.

Emerging players

• Inpher: Inpher is an enterprise-focused confidential computing company using FHE and secure multi-party computation for privacy-preserving analytics. It targets the same healthcare and financial services verticals Privasea identifies as secondary segments, representing enterprise-grade competition in the FHE-ML space.
• Mind Network: Mind Network is an FHE-based data security and agent communication protocol that is both a partner of Privasea and a comparable player in the FHE-for-AI and FHE-for-data-sharing space. It targets overlapping use cases in privacy-preserving agent compute and encrypted data collaboration.

Broad incumbents

• Render Network: Render Network is an established DePIN compute network focused on GPU rendering that has expanded into AI compute. It is a comparable decentralized compute infrastructure play with a much larger token market cap and proven network economics.
• io.net: io.net is a leading DePIN GPU compute network that aggregates distributed GPUs for AI/ML workloads. While not FHE-specific, it competes in the broader decentralized AI compute category and represents a potential alternative architecture for privacy-preserving compute.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Privasea_ai
• GitHubgithub.com/Privasea

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds3 records

Investors16 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Privasea