Company · AI & Data

Sherpa.ai

sherpa.ai ↗ ·Bilbao ·Series B

Sherpa.ai is a Spanish privacy-preserving AI company whose platform uses federated learning ("Blind Federated Learning") so enterprises, governments and regulated organisations can jointly train and run machine-learning models, LLMs and multi-agent systems without ever sharing raw data. Founded in 2012 in the Bilbao area as a predictive conversational assistant company, it pivoted to distributed/data-sovereign AI infrastructure for healthcare, financial services, industry, telecom and defence, with customers including the US National Institutes of Health, KPMG, Telefónica, Prosegur, Orange, Zurich, Indra, Unicaja and Centogene. In July 2026 it raised $18M led by Forgepoint Capital, bringing total disclosed funding to roughly $48M. The firm is headquartered in Erandio/Bilbao (Basque Country) with a Silicon Valley presence, and the legal entity is Sherpa Europe S.L.

Founded
2012
Founders
1
News
2
Rounds
2
Investors
5
SectorsAI & Data, Enterprise Software, Cybersecurity, Healthtech & Bio, Deeptech & Hardware Start-up MapAI & Data › AI data infrastructure

Profile updated 15 Aug 2026

Founders

Xabi Uribe-Etxebarria
Founder & CEO

Global models

No comparables on record yet.

Investors 5

Allegra Holdings
Investor Spain
Ekarpen
Investor Spain
Forgepoint Capital
Investor United States
Mundi Ventures
www.mundiventures.com
Investor Spain
SETT
sett.com
Investor Spain

Funding rounds 2

Other · €16M
Sherpa.ai closed a ~€16M ($18M) round led by Silicon Valley cybersecurity fund Forgepoint Capital, with Mundi Ventures, Ekarpen, Allegra Hol…
2026-07-06
Series A · $8.5M
Sherpa.ai, a Basque AI company, raised $8.5M as an extension of its Series A to move from conversational AI into B2B privacy-preserving fede…
2021-03-15

News & media 2

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