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Silence Laboratories raised $4.1M in a funding round co-led by Pi Ventures and Kira Studio to scale teams and beef up R&D pipeline.

Feb 29, 2024•over 1 year ago

Amount Raised

$4.1 Million

Round Type

seed

Singapore

Investors

Kira StudioPi Ventures

Description

Silence Laboratories, a startup specializing in cryptographic security, has raised a $4.1 million funding round co-led by Pi Ventures and Kira Studio. The recent funding brings its total raised to $6 million, and the startup plans to use the investment to scale its teams and enhance its R&D pipeline.

Company Information

Company

Silence Laboratories

Location

Singapore

About

The startup plans to use this funding to further widen its product offerings towards developer centric decentralised security stack, strengthen its team and scale its go-to-market operations to help enterprises adopt state of the art authentication and authorization techniques. Silence Laboratories (SL) is on a mission to build a developer focused cryptographic stack and is motivated to democratizing non-trivial libraries. Hence, the internet is witnessing a growing push towards distributed authentication protocols and signature schemes and Silence Laboratories is at the forefront of this revolution," says Jay Prakash, CEO and Co-Founder at Silence Laboratories. Silence Laboratories is open to collaborators, and enjoys co-development and R&D calls with partners across the Web3 and hybrid Web2 industry.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers