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The startup was incubated at Keyko AG;; a Web3 product and services company founded by Nevermined's cofounders in 2019. Don Gossen;; Nevermined's CEO;; said it was in stealth mode for nearly three years before launching this April. Gossen;; along with fellow cofounders Dimitri De Jonghe;; the CIO;; and Aitor Argomaniz;; the company's CTO;; privately built the platform while simultaneously soliciting backing from VCs in their Rolodex's. \"We built this as initially a data-sharing concept and that evolved into a platform that's enabling integration with Web3 technologies;;\" Gossen told Insider. The trio started Nevermined as a project where they sought to get databases to work in conjunction with each other without having to format them and then move them to a data-storage center. Moving data around comes with security risks and then there's the issue that aggregate data can get so voluminous that it \"breaks\" the consolidation process;; Gossen said. 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