Silence Laboratories, the innovative privacy tech startup, has successfully raised $4 million (approximately INR 33 crore) in a pre-Series A funding round. The funding was co-led by Pi Ventures and Kira Studio, with participation from a group of angel investors. The capital injection is slated to propel Silence Labs in advancing privacy-preserving authorization and collaborative computation technologies, alongside scaling up both its tech infrastructure and business teams.
Founded in 2021 by Jay Prakash as CEO and Andrei Bytes as CTO, Silence Laboratories operates as a platform dedicated to building products that empower enterprises to ensure data privacy, leveraging cutting-edge technologies such as multiparty computation (MPC). The startup envisions a global privacy-compliant collaboration infrastructure, allowing enterprises to exchange inferences and collaborate while eliminating single points of failure.
Prakash emphasized the significance of Silence Labs’ decentralised authorization library, Silent Shard, stating, “Silent Shard assists enterprises and users in distributing the risk of private key exposure and in designing innovative authorization policies for digital assets.” He further revealed the startup’s focus on privacy-preserving collaboration through its newly launched product, Silent Compute.
Silence Laboratories positions itself at the intersection of web2 and web3 architectures, anticipating a global convergence where its privacy-preserving stack becomes a key enabler for the general good.
The startup is dedicated to developing privacy-enhancing technologies (PETs), with a particular emphasis on multi-party computation (MPC) as a potent tool for achieving necessary decentralization in managing secrets. The startup claims to possess one of the fastest distributed signature (authorization) libraries in production, fostering strong partnerships with industry leaders such as BitGo, MetaMask, EigenLayer, Biconomy, and EasyCrypto.
Currently, Silence Labs is actively engaged in creating a consent management framework, recognizing the limitations of existing mechanisms in guaranteeing data deletion after usage. The startup aims to establish cryptographic foundations enabling a global data collaboration network for application-specific scenarios. Additionally, Silence Labs is expanding its global leadership team across cryptography, infrastructure, business, and engineering.
This funding milestone follows Silence Laboratories’ successful seed funding round in 2022, where it secured $1.7 million led by pi Ventures. The funds were earmarked for expanding the product portfolio and fortifying the technology stack.
