In a financing round headed by Pi Ventures and Kira Studio, in addition to other angel investors, Silence Laboratories secured $4.1 million.
The recently obtained capital will be used to expand its commercial and technology teams as well as to fund R&D projects.
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Jay Prakash, Co-Founder and CEO at Silence Laboratories said, “Our decentralized authorization library, Silent Shard, assists enterprises and users in distributing the risk of private key exposure and in designing innovative authorization policies for digital assets. Additionally, we are enabling privacy-preserving collaboration among institutions with our newly launched product, Silent Compute. We are inching towards a global convergence where the best of web2 and web3 architectures will solve for the general good and our privacy-preserving stack would be a key enabler.”
Silence Laboratories has built a unique decentralized MFA (Multi-Factor Authentication) framework and MPC-based threshold signature implementation for solving fundamental authentication and account recovery pains faced by its B2B customers.
Anurag Arjun, from Kira Studio and Ex Co-founder Polygon, said, “The Silence team is an amazing team with deep cryptography expertise and is working on a set of groundbreaking products in privacy and authentication infrastructure and I am really excited to support their journey. Privacy-preserving infrastructure combined with blockchain and fintech rails is going to be huge!”
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About Silence Laboratories
Founded in 2021 by Jay Prakash and Andrei Bytes, Silence Laboratories is a cybersecurity company that focuses on the fusion of cryptography, sensing, and design to support a seamless authentication experience.
