Dust Identity, a Boston, MA-based provider of a diamond unclonable security tag, secured $2.3m in seed funding.
The round was led by Kleiner Perkins, with participation from New Science Ventures, Angular Ventures, and Castle Island Ventures.
The company intends to use the funds to accelerate research and development of its advanced, proprietary technology and product line-up, accelerate business development opportunities, and to double headcount over the next twelve months.
Founded by Ophir Gaathon, PhD, Jonathan Hodges, PhD, and Dirk Englund, PhD, Dust Identity offers an unclonable, and uncompromisable security tracking solution for hardware authentication. The startup, born at the MIT, developed its core technology under a DARPA funded program into a commercial product and enterprise solution for modern supply-chain security and manufacturing.
The product, Diamond Unclonable Security Tag (DUST), is an invisible coating of tiny diamonds that allow a manufacturer or enterprise to combine high-security authentication with full lifecycle tracking that traces down to the component level. An optical scanner and cloud-based infrastructure provides an interface to the object identity and provenance.
The company is working with some of the U.S. government’s biggest agencies as well as leading technology leaders in supply chain and business operations including SAP to ensure the integrity of critical assets.
FinSMEs
14/11/2018