Silence Laboratories, a Singapore-based web3 focused cybersecurity startup working on libraries for MPC and Proofs-based Decentralised Security-as-Service (DSaaS), closed a $1.7m seed funding.
The round was led by Pi Ventures with participation from web3 centric funds such as imToken ventures and prominent angels like Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, Ashish Tiwari, and more.
The company 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.
Led by Jay Prakash, CEO, and Andrei Bytes, CTO, Silence has developed 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 combination of multi-party computation (MPC), sensing and intelligent signal processing. The company has been working closely with several leading players, in the Web 3 ecosystem particularly, to develop the flagship products- Silent Shard and Silent Auth. They are designed to support varied demands of authentication and authorizations with very high degree of contextualization, be it for digital asset custodians with high risks, non-custodial digital wallets, semi-custodial phone based wallets, online exchanges with high expectations on usability, or web3-centric cloud service providers.
Silence Laboratories is working on setting up an Applied Cryptography and Web3 Security corporate R&D centre in South Asia, with local and international collaborations.
FinSMEs
01/09/2022