fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home Cybersecurity

Web3-focused cybersecurity startup Silence Laboratories banks $1.7m Seed funding

Team AsiaTechDaily by Team AsiaTechDaily
02 September 2022
in Cybersecurity, Featured
0
Silence Laboratories

Leadership Team Photo of Silence Laboratories

22
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Early-stage venture firm Pi Ventures has led the $1.7 million seed funding in Silence Laboratories, a web3-focused cybersecurity startup headquartered in Singapore.

The funding round was also participated by web3 centric funds such as imToken ventures and prominent angels like Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, Ashish Tiwari, and more.

Silence Laboratories 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 to help enterprises adopt state of the art authentication and authorization techniques.

The startup 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.

It is working on setting up an Applied Cryptography and Web3 Security corporate R&D centre in South Asia, with local and international collaborations. The centre will attract some of the best talents globally to contribute in solving niche problems in usable security and MPC algorithms and set the backbone for several upcoming businesses and products.

“Account takeover due to single point of failures of the private keys is on unparalleled rise and have been affecting enterprises and different sectors of Web3 businesses. Hence, the internet is witnessing a growing push towards distributed authentication protocols and signature schemes and Silence Laboratories is at the forefront of this revolution,” says Jay Prakash, CEO and Co-Founder at Silence Laboratories.

Wallet cloning, browser wallet extension hacks, phished DEX and CEX websites are all compromised examples of bad authentication practices in Web3.

“We want Web3 folks to talk to us about fixing this. We’re happy to make custom collaborations as needed, but we must do this together, as an industry,” he added.

Previous Post

Digital health AI firm FathomX scores pre-Series A funding

Next Post

GrowHub Innovations partners with Japan’s Koufuku to penetrate Asean market

Related Posts

edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
edit post
Broom
Automobiles

Indonesian auto tech startup Broom raises $10m in Openspace-led funding

March 14, 2023
Next Post
edit post
GrowHub

GrowHub Innovations partners with Japan's Koufuku to penetrate Asean market

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback