Silence Laboratories, a cutting-edge tech company based in Singapore, has recently secured a significant investment of $4.1 million to further develop their groundbreaking privacy-preserving collaborative computing technology. The funding round was led by Pi Ventures and Kira Studio, as well as various notable angel investors.
In today’s digital landscape, data privacy has become a paramount concern for both businesses and consumers. As companies seek to harness the power of data to enhance AI-driven experiences, the risk of data breaches and privacy violations looms large. Silence Laboratories aims to address this challenge by creating a secure infrastructure that enables seamless data collaborations while ensuring that sensitive information remains protected.
Utilizing advanced cryptography, Silence Laboratories has developed cutting-edge solutions such as the Silent Shard distributed signature library. This technology enables enterprises to engage in secure data collaborations without exposing confidential information to external parties. The company’s innovative products, including Silent Shard and Silent Compute, leverage multi-party computation (MPC) to enable organizations to collaborate on data processing tasks without compromising data privacy.
Commenting on the recent funding round, Dr. Jay Prakash, CEO, and founder of Silence Laboratories expressed his enthusiasm for the company’s mission to redefine privacy in the digital age. By enabling businesses to leverage AI capabilities while safeguarding customer trust, Silence Laboratories aims to revolutionize the way companies approach data collaboration.
With the global market for privacy-enhancing technologies experiencing rapid growth, Silence Laboratories’ offerings are well-positioned to meet the increasing demand for secure data collaboration solutions. The company’s commitment to privacy compliance and data integrity is underscored by its partnerships with leading digital asset infrastructure companies and security auditing firms.
The investment will enable Silence Laboratories to expand its technical and business teams, further enhance its research and development efforts, and accelerate the deployment of its innovative privacy-preserving technologies. Founded in 2021 by a team of cryptography and security experts, Silence Laboratories is poised to transform the way enterprises approach data collaboration and privacy protection in an increasingly interconnected world.
For more information about Silence Laboratories and their groundbreaking privacy-enhancing technologies, visit their website at https://silencelaboratories.com.
