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“Enterprises have to share information about suspects and threats, but there are major barriers to such sharing, such as data privacy regulations and confidentiality. Using Privacy-Enhanced Technologies such as homomorphic encryption…

Every year, terrorists, drug lords, human traffickers, and other assorted criminals launder some $1.6 trillion in illicit funds across the globe. New advances in artificial intelligence and machine learning promise to help banks rapidly identify and thwart illicit transactions…

Duality Technologies is a leading provider of privacy-enhancing data science solutions based on homomorphic encryption.

Banks are showing interest in solutions based on homomorphic encryption, including for sharing information on cybercrime.

New Jersey-based Duality Technologies, a provider of privacy-enhancing data science solutions, today announced that it’s raised $16 million in a series A round led by Intel Capital, with participation from Hearst Ventures and existing investor Team8.

Now, a startup that has built a way to help safeguard against the threat of data breaches — using homomorphic encryption — is announcing funding, a sign of market demand and the opportunity it presents for cybersecurity.

Duality Technologies, a leading provider of Privacy Enhancing Technology (PET) Solutions based on Homomorphic Encryption, today announced it has been recognized as a “Cool Vendor” in the report titled “Cool Vendors in Privacy Preservation in Analytics” by Gartner, Inc.

In 2016, China launched Micius, the world’s first quantum communications-enabled satellite. For some, that launch may have eerily echoed the launch of the Soviet Union’s Sputnik satellite in 1957, which caught the United States off guard and spurred a decades-long contest to regain and maintain global technological and military supremacy.

Homomorphic encryption has often been referred to as the Holy Grail of encryption, since it allows computations to be carried out on encrypted data, without needing to decrypt it first.

The latest step in homomorphic encryption’s decade-long journey from dream to adoption was a standards meeting over the weekend of representatives from Google, Intel, Microsoft, and Duality Technologies, along with academics from around the world.