In October 2022, Delphia, a membership-based investment collective, announced its acquisition of Fathom Privacy, a company that facilitates data ownership and sharing across applications. The transaction, which closed last month, is aimed at integrating Fathom's platform into Delphia's system by the year's end.

Fathom Privacy's technology simplifies the process of data sharing by turning user-provided data into an accessible format that promotes data portability and complies with U.S. data rights legislation. With this acquisition, Delphia plans to incorporate Fathom's technology to enhance the transparency of its platform. This integration allows Delphia's users to better monitor and control how their data is managed and utilized, aligning with the company's ethical data use policy.

Andrew Peek, CEO of Delphia, expressed enthusiasm about incorporating Fathom Privacy's capabilities into their platform, emphasizing the potential for democratizing investment strategies between ordinary investors and Wall Street. The technology from Fathom will enable Delphia to develop superior investment strategies by leveraging a unique dataset not readily available to hedge funds, thus providing a competitive edge.

The acquisition is expected to motivate further data contributions from Delphia's community, improving their AI-driven stock selection tool. Zane Witherspoon, co-founder of Fathom, highlighted the synergy between the companies' goals of empowering consumers to invest data as a capital asset to accelerate wealth accumulation.