Silence Laboratories secures $4.1m to bolster privacy in collaborative computing

Silence Laboratories secures $4.1m to bolster privacy in collaborative computing

Silence Laboratories, a trailblazer in the realm of privacy-preserving collaborative computing, has successfully closed an additional funding round of $4.1m.

This significant capital injection was led by Pi Ventures and Kira Studio, with additional backing from several esteemed angel investors including Anurag Arjun, a notable figure in the industry.

At its core, Silence Laboratories is dedicated to revolutionising how enterprises engage in data collaboration. Through its state-of-the-art cryptographic technologies, the company ensures that sensitive information remains protected, enabling businesses to leverage artificial intelligence and big data without compromising on privacy. Their flagship products, Silent Shard and Silent Compute, utilise multi-party computation to facilitate secure data collaboration, setting a new standard in the field.

The newly acquired funds are earmarked for several strategic initiatives aimed at propelling the company forward. Key areas of focus include the expansion of both the technology and business teams, as well as further investments into research and development.

This financial backing underscores the confidence investors have in Silence Laboratories’ mission and its solutions to some of the most pressing challenges in data privacy and collaboration.

Reflecting on the funding, Silence Laboratories CEO and founder Dr. Jay Prakash remarked, “In today’s digital ecosystem, trust, and privacy are not merely options but imperatives for sustainable growth. With this new injection of funds, Silence Laboratories is poised to redefine privacy by enabling businesses to fully embrace the power of AI while rigorously protecting their most vital asset – customer trust. Our privacy-enhancing technologies assure that collaboration and innovation can flourish in an environment where the confidentiality and integrity of data are uncompromised.”

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