Silence Laboratories offers privacy-preserving infrastructure built on multiparty computation (MPC), providing libraries and products that let enterprises process data and authorize actions without exposing secrets. The company sells a B2B licensing suite and currently offers two products: Silent Shard (audited by Trail of Bits) and Silent Compute. Silence targets digital-asset firms, financial and healthcare organizations, and telecommunications customers, and reports more than 20 enterprise customers including BitGo, MetaMask, and EigenLayer. The startup generates around $500,000 in annual recurring revenue and charges based on accounts protected and feature tiers. Founded as an MFA company and spun out of more than a decade of applied-cryptography R&D, Silence pivoted to cryptographic security and plans to expand teams and its R&D pipeline with new funding. Silence Laboratories is a Singapore-based web3-focused cybersecurity startup building libraries for multi-party computation and proofs-based Decentralised Security-as-a-Service (DSaaS). Its core offerings provide developer-focused functionality for key management, distributed signature and authorization built on MPC, sensing and intelligent signal processing. The company has developed flagship products, Silent Shard and Silent Auth, to support authentication and authorization needs for custodians, non-custodial and semi-custodial wallets, exchanges and web3-centric cloud service providers. Silence says it works closely with several leading players in the Web3 ecosystem to develop these products. The startup plans to widen its developer-centric decentralised security stack, strengthen its team and scale go-to-market operations. It closed a $1.7M seed round led by Pi Ventures with participation from imToken Ventures and several angel investors.

Total raised

$6M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2024