Dyadic Security, the world leader in Software-Defined Cryptography (SDC), today announced it has rebranded as Unbound Technology.
Stemming from the mathematical term "unbounded" which refers to
something that is not confined to certain parameters - reflecting the
company's unique approach to security and privacy, which is based on
multiparty computation (MPC). As a company, Unbound allows organizations
to work with secrets without ever exposing them, ensuring digital
assets are safe at all times. Now, previously out-of-reach digital
services can be built while complying with the strictest security and
privacy standards.
Cryptography
is the foundation of digital security and privacy. Data protection,
privacy, authentication and trust are all based on crypto keys, making
them the ultimate secrets. Unbound pioneered its breakthrough technology
to safeguard crypto keys, enabling trusted digital innovation by
ensuring keys are never exposed throughout their lifecycle, from edge to
cloud and anywhere in between, with a pure-software solution - making
cryptography easy, cost-effective and more secure.
To
secure crypto keys even further, Unbound puts the power in the hands of
the customer to ‘Control Your Own Keys' (CYOK) in the public cloud with
its Unbound Key Control (UKC) product. For the first time, enterprises
can control, manage and protect keys across any hybrid cloud distributed
infrastructure from a single pane of glass. Furthermore, with Unbound,
key material is never whole, eliminating the single point of compromise.
Now, enterprises can maintain full control of their crypto keys in the
public cloud while maintaining full functionality of their applications
and services in the cloud, without reliance on dedicated hardware,
allowing agility, elasticity and infinite scalability.
"We
see a bright future for Unbound as enterprises are transitioning to the
cloud, which changes the risk landscape dramatically," said Arvind
Purushotham, managing director and global head of venture investing at
Citi Ventures. "Unbound's technology provides organizations with the
stringent, modern security necessary for assets in the cloud, without
hindering scalability and efficiency. We are excited to be a part of the
company's growth as it releases strong security from the confines of
hardware and enables new possibilities for trusted digital innovation."
Unbound
experienced a successful 2017, underscored by a $12 million Series B
funding round led by Goldman Sachs Principal Strategic Investments, Citi
Ventures and Innovation Endeavors. The organization also grew its
customer base with Fortune 500 organizations across multiple markets
including financial services, technology, industrial and automotive.
Unbound's products offer varied use cases at immense scale. For example,
it's used to secure a biometric authentication platform deployed to
end-users' devices at a tier one global bank and also provides a
cross-organization code signing solution to one of the largest
technology companies worldwide. Unbound also expands to additional use
cases in the fields of cryptocurrency, blockchain and the Internet of
Things (IoT).
As
Unbound continues to grow and innovate, it plans to expand its already
impressive work in practical applications of MPC, expanding the use of
the technology to safeguard secrets beyond crypto keys, thereby enabling
digital services that were previously out of reach due to security,
privacy or compliance restrictions. The company also plans to
considerably expand its sales force in the U.S. and Europe. These
factors position Unbound for another momentous year in 2018.
"What
we're doing is truly disruptive, and adopting the name Unbound speaks
to our identity as a company and continued innovation. We're delivering
unprecedented, mathematically-guaranteed protection for cryptographic
keys and secrets on premise and in the cloud with a pure-software
solution that eliminates the need to compromise between security and
usability," said Avner Mor, CEO and co-founder of Unbound. "As Unbound,
we will continue to free enterprises to grow and accelerate their
digital initiatives without settling for anything but the highest levels
of security and privacy - while bringing game-changing technologies to
the market."
For more information, visit the new Unbound corporate website here: www.unboundtech.com