Unbound Tech develops a software-based, cloud-agnostic NextGen Key Orchestration Platform for cryptographic key management and protection. Its platform uses advanced applications of Secure Multi-Party Computation (MPC) to ensure cryptographic keys are never exposed across their lifecycle in public and private clouds, virtual environments, containers and on-premise deployments. Unbound's technology has been selected to secure many of the world's largest banks and Fortune 500 companies. Following a $20M Series B round, the company will focus on growing its enterprise business and accelerating global expansion. Management plans to increase headcount by an additional 30% by the end of Q1 2021 to support that growth, and J.R. Smith from Evolution Equity Partners will join the board. The Series B brings Unbound's total funding to $40M and will be used to further develop its cryptographic infrastructure and scale sales and operations. Dyadic Security provides a Software-Defined Cryptography (SDC) platform and virtual HSM (vHSM) that lets enterprises securely store, manage and use cryptographic keys across servers, laptops, smartphones and IoT devices. Its vHSM enables customers to move away from reliance on physical secure hardware such as HSMs, smartcards and hardware tokens to virtual modules that operate on-premises or in the cloud. The company’s products are deployed around the world in several leading Fortune 500 companies. Dyadic is led by CEO and co-founder Avner Mor and is based in New York, NY and Petach Tikva, Israel. Following the fundraise the company intends to use proceeds to expand its sales and marketing operations in North America. The board also saw a change as Innovation Endeavors’ Yuval Shachar joined as Chairman of the Dyadic Board of Directors.

Total raised

$32M

Funding rounds

2

Latest round

Series B

Latest activity

Nov 2020