Singapore-based Silence Laboratories, a cybersecurity company that focuses on the fusion of cryptography, sensing, and design has secured $4.1 Million in Pre-Series A round led by Pi Ventures, Kira Studio, and other angel investors.
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The funds will be utilized to expand the business and technology teams and improve its strong research and development (R&D) pipeline. Silence Laboratories team has rich expertise in academia, industry and business with some of the highest revered computing and communication experts globally.
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“We found a product-market fit (PMF) in privacy-preserving decentralized authorization and computation while talking to early customers who were building digital asset-based products and since then, we have been building cryptographic libraries to solve the pertinent problem of a single point of failure and exposure of secrets, be it at rest or in use,” Dr. Jay Prakash, CEO of Silence Laboratories said.
“This requires solutions based on zero trust cryptographic guarantees instead of relying on third party data vendors who are prone to security breaches.” said Shubham Sandeep, Managing Director at Pi Ventures.
About Silence Laboratories
Founded in 2022 by Dr. Jay Prakash, Dr. Andrei Bytes, and Dr. Tony Quek, Silence Laboratories is a cybersecurity company that focuses on the fusion of cryptography, sensing, and design to support seamless authentication experience. It 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 our B2B customers.
