Japan-based KDDI and VC investment partner Global Brain led a €10 million funding round in private browser company Xayn, cash earmarked for expanding its capabilities and funding a push into Asia.
The additional capital takes the total raised by the German start-up to €19.5 million since it was founded in 2017. It plans to start its Asia expansion with a launch in Japan.
Xayn describes its app as a “fusion of a search engine, a discovery feed and a mobile browser”. It is currently available for tablets and smartphones running iOS or Android, and a web version is in beta testing.
The start-up markets its app on privacy credentials and claims its algorithms do not rely on centralised data collection, instead using AI features to provide a personalised web experience without transmitting sensitive information.
Xayn said as of today (9 August) its app had been downloaded more than 215,000 times.
In a statement, Xayn co-founder and CEO Leif-Nissen Lundbaek explained: “In an industry in which selling data and delivering ads en masse are the norm, we choose to lead with privacy instead and put user satisfaction front and centre.”Subscribe to our daily newsletter Back