NEWARK, New Jersey, March 10, 2020 /PRNewswire/ -- Duality Technologies, a leading provider of Privacy-Enhancing Data Collaboration Solutions based on Homomorphic Encryption, has been named on Fast Company's prestigious annual list of the World's Most Innovative Companies for 2020.
The list honors the businesses making the most profound impact on both industry and culture, showcasing a variety of ways to thrive in today's fast-changing world. This year's MIC list features 434 businesses from 39 countries.
"We are thrilled to be recognized by Fast Company as one of the world's most innovative companies in the Data Science category," said Dr. Alon Kaufman, CEO and Co-founder of Duality Technologies. "Endless data privacy scandals and new regulations such as GDPR and CCPA have the potential to hamper advances based on AI and Big Data. Privacy-Enhancing Technologies are key to addressing the challenge of trust in data collaboration as well as unlocking the full potential of data-driven methods in business, research and the public sector. We are excited to bring Duality SecurePlus™, our privacy-preserving collaboration platform to market, enabling organizations to share insights derived from sensitive data without compromising data privacy, compliance or trust."
Duality is a leading provider of Privacy-Enhancing Solutions for data collaboration. Founded by world-leading cryptographers and data scientists, Duality pushes the boundaries of the possible by productizing Homomorphic Encryption (HE), making this complex research discipline practical for real-world use cases. Duality's SecurePlus™ platform enables computing on data while it is encrypted, powering a wide range of privacy-preserving data collaboration applications including cross-bank financial crimes investigation, multi-center medical research, data monetization, cross-border data sharing, co-marketing, and more. A pioneer in Privacy-Enhancing Technologies, Duality was recently named a Gartner Cool Vendor in the newly created category of 'Privacy Preservation in Analytics.'
Duality Technologies co-leads the Homomorphic Encryption standardization consortium together with Microsoft Research, Intel and Samsung SDS. This initiative brings together the AI research community and leaders from industry, academia and government to advance standards for Homomorphic Encryption, with the goal of furthering market adoption of HE as an increasingly practical solution to protect data in use.
In October 2019, Duality announced that it raised $16 million in a Series A funding round led by Intel Capital with the participation of Hearst Ventures and continued support from existing investor Team8. Intel had previously collaborated with Duality in various research projects, including the HE standardization community.
Fast Company's editors and writers sought out the most groundbreaking businesses on the planet and across myriad industries. They also judged nominations received through their application process.
The World's Most Innovative Companies is Fast Company's signature franchise and one of its most highly anticipated editorial efforts of the year. It provides both a snapshot and a road map for the future of innovation across the most dynamic sectors of the economy.
"At a time of increasing global volatility, this year's list showcases the resilience and optimism of businesses across the world. These companies are applying creativity to solve challenges within their industries and far beyond," said Fast Company senior editor Amy Farley, who oversaw the issue with deputy editor David Lidsky.
Fast Company's Most Innovative Companies issue (March/April 2020) is now available online at fastcompany.com/most-innovative-companies/2020, as well as in app form via iTunes and on newsstands beginning March 17, 2020. The hashtag is #FCMostInnovative.
ABOUT DUALITY TECHNOLOGIES
Founded by world-renowned data scientists and cryptographers, Duality Technologies is at the forefront of Privacy Enhancing Technologies (PETs), setting a new standard for privacy-preserving data collaborations. The Duality SecurePlus™ platform, a leading PET solution, uniquely combines advanced Homomorphic Encryption and data science, enabling organizations to derive insights without exposing their raw data. Duality was recently recognized as a Gartner "Cool Vendor" for Privacy Preservation in Analytics and was named runner-up in the prestigious RSAC Sandbox competition. For more information, please visit www.duality.cloud
ABOUT FAST COMPANY
Fast Company is the only media brand fully dedicated to the vital intersection of business, innovation, and design, engaging the most influential leaders, companies, and thinkers on the future of business. Since 2011, Fast Company has received some of the most prestigious editorial and design accolades, including the American Society of Magazine Editors (ASME) National Magazine Award for "Magazine of the Year," Adweek's Hot List for "Hottest Business Publication," and six gold medals and 10 silver medals from the Society of Publication Designers. The editor-in-chief is Stephanie Mehta and the publisher is Amanda Smith. Headquartered in New York City, Fast Company is published by Mansueto Ventures LLC, along with our sister publication Inc., and can be found online at www.fastcompany.com.
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