Cryptographic security company Silence Laboratories has completed a new round of financing of $4.1 million, led by Pi Ventures and others

ChainCatcher news, according to Techcrunch, the crypto security startup Silence Laboratories has announced the completion of a new funding round of $4.1 million, led by Pi Ventures and Kira Studio along with angel investors. This recent funding brings the company's total financing to $6 million. The startup will use this funding to expand its team and strengthen its R&D channels.

Silence Laboratories is a startup that builds infrastructure using Multi-Party Computation (MPC) to help enterprises protect data privacy and security. The company offers two products that utilize MPC technology: Silent Shard and Silent Compute. Silent Shard has been audited by the security audit firm Trail of Bits, allowing enterprises and users to limit the risk of exposing sensitive private keys and implement advanced authorization rules. Silent Compute enables enterprises to collaboratively process information without disclosing their private data to third parties.