Unbound tech4/29/2023 ![]() ![]() Unbound not only takes revolutionary mathematical breakthroughs as its Pole Star but also makes sure that these complex mathematical and cryptographic solutions are effortlessly translated into the real-world application to ensure that business secrets never run the risk of being exposed. Of a truth, the digital asset space is still quite novel in nature, which could potentially suffer from stifled growth without a supporting ecosystem.Įnter Unbound, a leading agent of change in the nascent digital assets industry which is determined to provide the right types of security and compliance solutions to the existing market players. This latest investment brings the total amount of funding raised by Unbound to $40M.The colossal rise in the popularity of digital assets has resulted in an increased demand for solutions pertaining to their security, privacy, and compliance. ![]() By providing software-based applications that use sophisticated applications of Secure Multi-Party Computation (MPC), Unbound provides an easy and cost-effective mathematical guarantee of security. Unbound’s advanced technology ensures keys are never exposed throughout their lifecycle, in any environment such as public and private cloud, virtual environments, containers and on-premise. Data protection, privacy, authentication and trust are all based on cryptographic keys. Together, they pioneered the breakthrough technology that safeguards cryptographic keys for many of the world’s largest financial institutions today. Unbound was founded by world-renowned cryptographers Professor Yehuda Lindell and Professor Nigel Smart, as well as Guy Peer who is the force behind Unbound’s research and development team. The demand for easy-to-manage security solutions is constantly growing and Unbound is well poised to become a global leader in this space.” We are excited to help the company continue to scale globally. Smith added: “Unbound Tech has been a great success story so far, pioneering invaluable security and privacy solutions through innovative cryptographic methods. ![]() Prior to joining Evolution, Smith was Chief Executive Officer of AVG Technologies where he was responsible for strategy and operations and led the company to a New York Stock Exchange IPO in 2012. Smith, a partner at Evolution Equity Partners, will join Unbound’s board. Smith to the board and look forward to having him guide us on our journey.”Įvolution Equity Partners is an international venture capital investor managed by investment and technology entrepreneurs that helps develop market leading cyber-security and enterprise software companies. “This funding will propel us on our mission to continue evolving cryptographic key management and protection solutions for enterprises around the world. Yehuda Lindell, co-founder and CEO, Unbound Tech. “The completion of this funding round marks a significant milestone as we enter our next growth phase,” says Prof. To support this mission, the company plans to increase its headcount an additional 30% by the end of Q1 2021. Enterprises worldwide can benefit from the agility and efficiency of Unbound’s software-based cloud-agnostic solution. The latest funding round is led by Evolution Equity Partners, joining existing investors Innovation Endeavors, Goldman Sachs, Citi and BlueRed Partners, to help further fuel its global growth.įollowing the funding round, Unbound will focus on growing its business in the Enterprise sector. Unbound’s next-gen key orchestration platform provides the cryptographic infrastructure to enable enterprises worldwide to easily secure and manage all their information and digital assets. ![]()
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