Silence Laboratories completes $4.1 million in financing, led by Pi Ventures and Kira Studio

Crypto security company Silence Laboratories announced the completion of $4.1 million in financing, co-led by Pi Ventures and Kira Studio. Silence Laboratories has raised $6 million in total funding and will use the funding to expand its team and strengthen its research and development pipeline. It is reported that Silence Laboratories uses multi-party computation (MPC) to build infrastructure to help enterprises protect data privacy and security. The company offers two products using MPC technology: Silent Shard and Silent Compute. Audited by security audit firm Trail of Bits, Silent Shard enables businesses and users to limit the risk of exposing sensitive private keys and enforce advanced authorization rules. Silent Compute enables businesses to collaborate on information without revealing their private data to third parties. (TechCrunch)