Privacy Tech Startups Secure Funding to Safeguard Data

Silence Laboratories, a Singapore-based privacy tech company, recently secured $4.1 million in funding to bolster its mission of enabling enterprises to collaborate securely. Led by CEO Dr. Jay Prakash, the company specializes in privacy-enhancing technologies that protect sensitive data through cryptography and security engineering. With a focus on enabling global privacy-compliant collaboration infrastructure, Silence Laboratories aims to redefine privacy in the digital age. The funding round, led by Pi Ventures and Kira Studio, will support the company's efforts to scale its tech and business teams, as well as invest in research and development initiatives. Through products like Silent Shard and Silent Compute, Silence Laboratories empowers enterprises to process and analyze data without compromising confidentiality. By leveraging multiparty computation (MPC), the company ensures that sensitive information remains encrypted during collaborative efforts. With a growing customer base and annual recurring revenue of $500,000, Silence Laboratories is poised to revolutionize data privacy and protection for businesses worldwide.