Duality Technologies, a Newark, New Jersey-based leading provider of privacy-enhanced data collaboration solutions, raised $30 million in a Series B funding round, bringing its total funding to $49 million.
The round was led by LG Technology Ventures with participation from Euclidean Capital and the National Bank of Canada's corporate venture capital arm NAventures, along with existing investors Intel Capital, Hearst Ventures, and Team8.
Duality will use the funds to expand its go-to-market operations, advance its partnerships with leading technology vendors, and further cement its product and technology leadership in the fields of privacy-preserving machine learning and Privacy Enhancing Technologies (PETs).
Company: Duality Technologies Inc.
Raised: $30.0M
Round: Series B
Funding Month: October 2021
Lead Investors: LG Technology Ventures
Additional Investors: Euclidean Capital, NAventures, Intel Capital, Hearst Ventures and Team8
Company Website: https://dualitytech.com/
Software Category: Privacy Enhancing Technologies (PET ) platform
About the Company: Duality Technologies is at the forefront of Privacy Enhancing Technologies (PETs), setting a new standard for privacy-preserving data collaboration. Duality SecurePlus®, a leading PET platform, combines advanced Homomorphic Encryption and data science, enabling organizations to collaborate on data and derive insights without exposing their sensitive data. Duality's products are used by companies across regulated industries including financial services, healthcare, telecommunications, and more. Duality was recently selected by the World Economic Forum as a 2021 Tech Pioneer.
Source: https://www.prnewswire.com/news-releases/duality-technologies-raises-30m-led-by-lg-technology-ventures-to-accelerate-market-adoption-of-privacy-enhanced-data-collaboration-301392597.html