Silence Labs secures $4.1M to safeguard sensitive data. | CybSec Wizard

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TLDR:

Silence Laboratories raised $4.1 million in funding to develop privacy-enhancing technologies
The company’s solutions use multi-party computation (MPC) to keep sensitive data secure

Silence Laboratories, a Singapore-based company, recently secured $4.1 million in funding to further its research and development of privacy-enhancing technologies. The company’s cryptographic stack provides developers with authentication and authorization functionality utilizing multi-party computation (MPC) as cryptographic primitives. Their solutions, such as the Silent Shard authorization library and the Silent Compute product, enable organizations to collaborate on data processing while ensuring data privacy and security.

The new injection of funds will be invested in expanding the research and development unit, as well as growing the tech and business teams. CEO and founder Jay Prakash emphasized the importance of protecting customer trust and data integrity in the evolving digital landscape. Silence Laboratories aims to redefine privacy and enable businesses to leverage AI while safeguarding sensitive information.

The company’s focus on developing cutting-edge privacy technologies positions them as a key player in the cybersecurity industry, catering to the increasing demand for secure data management solutions.

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Adrian Johnson

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