- Fathom Privacy streamlines data sharing across apps by packaging data collected from consenting users into an easily digestible format
- Delphia said the acquisition will increase the overall transparency of its platform
- Delphia earlier this year closed a $60 million Series A financing led by Multicoin Capital
Delphia, a Toronto-based mobile algorithmic stock advisor, has acquired Fathom Privacy, a New York-based data rights company that allows individuals to take ownership of their personal application data. No financial terms were disclosed.
Fathom Privacy streamlines data sharing across apps by packaging data collected from consenting users into an easily digestible format, allowing for efficient data portability. Delphia said the acquisition will increase the overall transparency of its platform by compiling user data into a single package that allows contributors to oversee what data is accessed and how it’s used.
Andrew Peek, CEO of Delphia, said in a statement: “We’re excited to fully integrate Fathom Privacy into the Delphia platform and continue leveling the playing field between Wall Street and Main Street. The acquisition is the latest step in our mission to revolutionize investing through ethical data use and give our community access to hedge fund-grade investment strategies. Fathom’s technology will give members the reins to take ownership of their data and allow them to ensure that the data we’re collecting is being used to maximize the benefits received from contributing.”
The investment strategies offered by Delphia use artificial intelligence that is trained on both financial and consumer data. To this end, the company relies on its community to willingly share their personal data in order to create a proprietary data set that can lead to greater predictive capabilities.
Delphia earlier this year closed a $60 million Series A financing led by Multicoin Capital. Other participants in the round included Cumberland, FJ Labs, FTX Ventures, Lattice Ventures, M13, Ribbit Capital, Thomas Bailey from Road Capital and Valor Equity Partners.