TechFlow news, according to TechCrunch, cryptocurrency security startup Silence Laboratories has announced the completion of a new $4.1 million funding round led by Pi Ventures and Kira Studio alongside angel investors. This latest financing brings the company's total raised capital to $6 million. The startup will use the funds to expand its team and strengthen its R&D pipeline.
Silence Laboratories is a startup leveraging multi-party computation (MPC) to build infrastructure that helps enterprises protect data privacy and security. The company offers two MPC-based products: Silent Shard and Silent Compute. Silent Shard, audited by security firm Trail of Bits, enables businesses and users to reduce the risk of exposing sensitive private keys and implement advanced authorization rules. Silent Compute allows enterprises to collaboratively process information without revealing their private data to third parties.
