mpc

Funding Secured: Cryptographic Security Startup, Silence Laboratories, Secures Support

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Silence Laboratories, a startup that builds infrastructure using multiparty computation (MPC) to help enterprises keep data private and safe, said it has raised a $4.1 million funding round. Pi Ventures and Kira Studio co-led the recent funding, which brings its total raised to $6 million, along with angel investors. The startup will use the funding to scale its teams and beef up its R&D pipeline. The outfit started as a multifactor authentication (MFA) company and pivoted its business to building a cryptographic security firm. It also recently launched Silent Compute, which lets corporations collaborate on processing information without revealing their own private data to third parties and enrich insights while maintaining compliance and trust.