Sherpa.ai, based in Bilbao, Spain, sells a SaaS platform using federated learning to train AI models without moving sensitive data.
Sherpa Europe S.L., known as Sherpa.ai, was founded by Xabi Uribe-Etxebarria in 2012 and is headquartered in Spain. Its SaaS platform applies federated learning so enterprises can train privacy-preserving AI models without transferring sensitive data, with use cases in healthcare, financial services and industry 4.0. In July 2026 it raised USD 18 million in venture funding led by Forgepoint Capital, with Mundi Ventures, Ekarpen, Allegra Holding and SETT. Its 2022 revenue was USD 10,856.
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