Startup Wise Guys invests in Spanish deep tech startup Nymiz

Estonian Startup Wise Guys has invested in the Spanish cybersecurity solution Nymiz, which allows companies to anonymize personal data in their documents. The €2,5M round was led by Spanish-Israeli VC Swanlaab, with the participation of French Auriga Cyber Ventures and Spanish organization CDTI Innovación, which invested through the INNVIERTE program to support startups. Existing investors from Spain, Archipelago Next, Kalonia Venture Partners, and the accelerator Go Hub have also participated in the round.

Founded in Bilbao in 2019 by Óscar Villanueva and Manuel Díaz, Nymiz has developed AI-powered software, that helps to anonymize corporate documents by substituting personal original data, such as names, phone numbers, and social security numbers, with asterisks, tokens, or synthetic equivalents. At the same time, the startup's technology allows companies to safeguard data value. The solution works with diverse data formats, including extensive databases, unstructured documents (office documents, PDFs, images), and databases based on artificial Intelligence with Natural Language Processing. Nymiz processes data in 102 languages and claims that its solution saves at least 80% of the cost of manually anonymizing data. 

The startup will use the investment to hire more staff and to grow in Europe, Latin America, and the US.

Launched in 2012, Estonian Startup Wise Guys is an accelerator that invests in early-stage startups from the Baltic, Central European, and African regions. It has invested in more than 350 startups and had 13 exits. Startup Wise Guys typically invests up to €500K per startup through multiple funds that manage €45M and are backed by more than 150 investors. The CEO of Startup Wise Guys is Сristobal Аlonso.