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Shafi Goldwasser, chief scientist at Duality Technologies who is the 2012 recipient of the Turing Award, told The Wall Street Journal that new cryptography advances allow sharing of sensitive data without fear of theft or other privacy violations.

Online privacy is a right and not a privilege in the digital age despite the onslaught of app developers trying to erode that privacy, says Shafi Goldwasser, Co-founder and Chief Scientist at Duality.

Big data startup Duality that’s commercializing groundbreaking privacy-enhancing technology received $16 million in funding from Intel Capital with participation from Hearst Ventures.

Duality Technologies, which recently attracted funding from one of Intel’s venture capital arms, pitches its homomorphic encryption platform as a privacy-preserving solution for “numerous” enterprises, particularly those in regulated industries.

“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.