Decentralised Security Provider Silence Laboratories Raises $1.7 Million In Seed Funding
09/01/22, 2:01 AM
Location
singaporeMoney raised
$1.7 million
Round Type
seed
Silence Laboratories, a web3 focused cybersecurity startup, headquartered in Singapore and working on libraries for MPC and Proofs-based Decentralised Security-as-Service (DSaaS), has closed a $1.7 million round in a seed funding, led by Pi Ventures. Their core technology to support developer focused decentralised and high grade security for digital assets with functionalities of key management, distributed signature and authorization is built on top of a unique fusion of multi-party computation (MPC), sensing and intelligent signal processing.
Company Info
Location
singapore
Additional Info
The startup plans to use this funding to further widen its product offerings towards developer centric decentralised security stack, strengthen its team and scale its go-to-market operations to help enterprises adopt state of the art authentication and authorization techniques. Silence Laboratories (SL) is on a mission to build a developer focused cryptographic stack and is motivated to democratizing non-trivial libraries. Hence, the internet is witnessing a growing push towards distributed authentication protocols and signature schemes and Silence Laboratories is at the forefront of this revolution," says Jay Prakash, CEO and Co-Founder at Silence Laboratories. Silence Laboratories is open to collaborators, and enjoys co-development and R&D calls with partners across the Web3 and hybrid Web2 industry.