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Privacy tech startup Silence Laboratories raises $4 million in funding led by Pi Ventures

Economic Times

Economic Times · 1y ago

Privacy tech startup Silence Laboratories raises $4 million in funding led by Pi Ventures

Silence Laboratories, a privacy-focused data protection company, has raised $4.1 million in a funding round led by Pi Ventures and Kira Studio. The Singapore and Bangalore-based company will use the funds to scale its technology and business team and invest in research and development. Silence offers products that use multiparty computation (MPC) technology to enable data computation while maintaining privacy. Its solutions, such as Silent Shard and Silent Compute, allow enterprises to collaborate on data processing without exposing sensitive information. The company currently serves 19 enterprise customers, generating around $500,000 in annual recurring revenue.

Related News

Silence Labs Bags $4 Mn To Help Enterprises With Data Privacy

Inc42 · 1y ago

Silence Labs Bags $4 Mn To Help Enterprises With Data Privacy

Privacy tech startup Silence Laboratories has raised $4 million in a pre-Series A funding round co-led by Pi Ventures and Kira Studio, with participation from angel investors. The funds will be used to transform privacy-preserving authorization and collaborative computation, as well as to scale the company's tech and business teams. Silence Laboratories, founded in 2021, offers cybersecurity solutions using technologies like multiparty computation (MPC) to ensure data privacy. The startup aims to create a global collaboration infrastructure that removes single points of failure and enables privacy-compliant collaboration between enterprises.

Privacy tech firm Silence Laboratories raises $4.1 million in funding round

Thehindubusinessline

Thehindubusinessline · 1y ago

Privacy tech firm Silence Laboratories raises $4.1 million in funding round

Silence Laboratories, a privacy tech company, has secured $4.1 million in funding led by Pi Ventures and Kira Studio, as well as several angel investors. The funds will assist Silence Laboratories in advancing its mission to revolutionize privacy-preserving authorization and collaborative computation. The company aims to eliminate vulnerabilities in digital economies by utilizing privacy-enhancing technologies like multi-party computation. Through innovative software stacks, Silence Laboratories merges economic securities, blockchain transparency, and cryptographic guarantees to help enterprises manage secrets and enable privacy-preserving collaboration. The company's products align with the growing demand for privacy compliance and protection in the digital landscape.

Privacy tech firm Silence Laboratories raises $4.1 million in funding round

Thehindubusinessline

Thehindubusinessline · 1y ago

Privacy tech firm Silence Laboratories raises $4.1 million in funding round

Silence Laboratories, a privacy tech company, has raised $4.1 million in funding led by Pi Ventures and Kira Studio. The funding will help accelerate the company's goal of transforming privacy-preserving authorization and collaborative computation. Silence Laboratories aims to decentralize digital economies by eliminating single points of failure and exposure, using privacy-enhancing technologies like multi-party computation. The company has developed software based on learnings from economics, blockchains, cryptography, and fintech to create privacy-focused solutions. Their products include Silent Shard, a decentralized authorization library, and Silent Compute, which enables privacy-preserving collaboration among institutions.

Silence Laboratories, four others raise early-stage funding

VCCircle

VCCircle · 1y ago

Silence Laboratories, four others raise early-stage funding

Privacy-tech startup Silence Laboratories, SaaS startups Zvolv and Nurturev, construction material marketplace Bandhoo, and ambulance service provider Dial4242 have announced early-stage funding. Silence Laboratories raised $4.1 million in a pre-Series A funding round led by Pi Ventures to scale their technology and expand their presence. Zvolv raised $1.9 million led by Silverneedle Ventures to enhance their low-code/no-code AI platform. Nurturev secured $1 million in a pre-seed funding round led by Antler, while Bandhoo raised $886,479 in a pre-Series A funding round led by Venture Catalysts. Dial4242 secured $120,609 in seed funding from Raj Neravati to improve their ambulance services.

Privacy technology startup Silence Laboratories raises $4M led by Pi Ventures, others

IndianStartupNews

IndianStartupNews · 1y ago

Privacy technology startup Silence Laboratories raises $4M led by Pi Ventures, others

Privacy technology startup Silence Laboratories has secured $4.1 million in funding to advance its data privacy solutions for businesses. Led by Pi Ventures and Kira Studio, with participation from angel investors, the round will support the development of secure data collaboration tools that utilize multiparty computation (MPC) technology. Silence Laboratories offers two products, Silent Shard and Silent Compute, which protect private keys and facilitate private data analysis respectively. The company aims to create a global network for secure data collaboration, with a specific focus on expanding its customer base in the finance and healthcare sectors.

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

VCCircle

VCCircle · 7m ago

Proost, Swish, PeLocal, Theranautilus bag early-stage cheques

Proost, Swish, PeLocal, and Theranautilus have recently announced securing early-stage investments. Proost, a beer startup, raised $3.5 million in a Series-A round led by Chimes Group and Srinivasan Namala. Swish, a food-delivery startup, completed a seed funding round raising $2 million with participation from Accel, Urban Company founders, and Karthik Gurumurthy. Fintech startup PeLocal received $2 million in seed funding led by Unicorn India Ventures and plans to expand its payment services through WhatsApp. Theranautilus, a deep-tech startup, gained $1.2 million in seed funding led by pi Ventures for developing nanorobotic solutions for healthcare.

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

VCCircle

VCCircle · 7m ago

Pi Ventures bets on Quanfluence; Kirana Pro raises early-stage funding

Photonic quantum technology startup Quanfluence has raised $2 million in seed funding led by pi Ventures, while quick commerce startup KiranaPro has raised an undisclosed amount in a pre-seed funding round. Quanfluence plans to scale its upcoming products and support research for its flagship quantum computer. KiranaPro will use the funds to expand its teams, enhance its technology infrastructure, and drive geographical expansion.

DynamoFL raises $15.1M in a Series A round led by Nexus, others

IndianStartupNews

IndianStartupNews · 1y ago

DynamoFL raises $15.1M in a Series A round led by Nexus, others

San Francisco's DynamoFL has secured $15.1 million in a Series A funding round, co-led by Nexus Venture Partners and Canapi Ventures, bringing its total funding to $19.3 million. The AI startup focuses on privacy and compliance in generative AI solutions. The funds will meet demand, scale the team, and enhance technology in privacy-preserving generative AI. DynamoFL, founded in 2021, helps enterprises refine large language models for vulnerabilities. Investors include Formus Capital, Soma Capital, and tech leaders from Apple, Dropbox, and Snowflake.

Cybersecurity startup Treacle raises pre-seed round led by IPV

Entrackr

Entrackr · 1y ago

Cybersecurity startup Treacle raises pre-seed round led by IPV

Cybersecurity startup Treacle has raised Rs 4 crore in its pre-seed round led by Inflection Point Ventures (IPV). The proceeds will be used to enhance technical and business development, marketing and office expenses, partnerships, and expansion in the Indian market. Led by co-founders Subhasis Mukhopadhyay, Subhajit Manna, and Partha Das, Treacle’s AI-based deception technology provides advanced protection by analyzing attacker behaviour, diverting them into mirage networks, and issuing early warnings to SOC analysts. Additionally, the implementation of an AI-based early warning system enhances its capability to identify threats proactively to stay ahead of evolving cyber threats. Since its inception, Treacle has secured grants such as the C3iHub grant and the SISFS grant, totalling Rs 26 lakhs, in 2021 and 2022, respectively. Additionally, the startup represented India under DPIIT and participated in a sponsored delegation trip to Dubai in 2022. According to startup data intelligence platform TheKredible, cybersecurity startups raised around $75 million across seven deals in 2023. This is the third funding in this space in 2024 including Silence Laboratories and Vijay Kedia-backed TAC Security. Earlier this year, artificial intelligence-driven cybersecurity platform SentinelOne acquired PingSafe in a cash and stock deal.

Former ISRO scientists' startup Orbitt Space raises $1 million from Pi Ventures, IIMA Ventures

Economic Times

Economic Times · 1m ago

Former ISRO scientists' startup Orbitt Space raises $1 million from Pi Ventures, IIMA Ventures

Orbitt Space, a startup created by former ISRO scientists Christopher Parmar and Anupam Kumar, has secured $1 million in pre-seed funding. The funding, led by Pi Ventures and IIMA Ventures, will support the development of Orbitt's electric propulsion technology and avionics systems, targeting ultra low earth orbit (ULEO). Their innovative propulsion system uses atmospheric gases as a propellant, potentially enhancing satellite maneuvers and reducing costs, with plans for in-orbit demonstrations and future commercial rollout.

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