SAN FRANCISCO, March 6, 2019 /PRNewswire/ -- RSA® Conference, the world's leading information security conferences and expositions, has announced that Duality Technologies, a start-up which enables secure data analysis and collaboration through homomorphic encryption, was selected as the runner up in the fourteenth-annual RSAC Innovation Sandbox Contest. A panel of leading venture capitalists, entrepreneurs and industry veterans judged the "Most Innovative Startup 2019" competition.
Duality Technologies was recognized by the judges for its SecurePlus™ platform that enables secure collaboration on sensitive data. Homomorphic encryption, the "holy grail of data security," was long viewed as highly desirable but impractical. By combining deep expertise in homomorphic encryption and data science, Duality succeeded to break through the longstanding performance barrier to deliver practical solutions for secure data and analytics collaboration in regulated markets.
Empowering organizations to compute on encrypted data, Duality's solution is enabling new advances in the data-driven economy while safeguarding data privacy, unlocking a whole new world of secure, compliant collaborations and business. The Duality SecurePlus™ platform is the first market-ready solution to help address today's most pressing data privacy challenges while empowering businesses to maximize their valuable digital assets.
The Duality platform is built on the open-source PALISADE lattice encryption library which was developed over several years with funding from DARPA, IARPA, the NSA, and the Sloan Foundation. Last year, Duality demonstrated its ability to compute on encrypted, real-world scale genomic data sets in the iDash competition, outperforming its competitors by orders of magnitude.
"We are honored to be named one of the top two from amongst thousands of start-ups that applied for this prestigious award," said Dr. Alon Kaufman, CEO and Co-Founder of Duality Technologies. "The judges vote highlights the crucial nature of secure computing solutions in our data driven and increasingly regulated data economy. Homomorphic Encryption is the 'holy grail of data security'- a technology that enables organizations to leverage the power of advanced AI and fully utilize their data without compromising security. Organizations can now safely keep their data private and collaborate on it.'"
In the past five years alone, the RSAC Innovation Sandbox Contest's top 10 finalists have collectively seen 14 acquisitions and have received over $2.2 billion in investments. Past winners include companies such as Phantom, Invincea, UnifyID and, most recently, BigID.
About Duality Technologies
Founded by world-renowned cryptographers and data science executives, Duality Technologies is a leading secure computing company for enterprises in regulated industries. By deploying Duality's award-winning Duality SecurePlus™ platform, organizations can harness the power of AI and advanced analytics by collaborating with partners without compromising their sensitive data or IP - collaboration modalities that were previously impossible. Powered by Duality, organizations can efficiently comply with the growing number of data protection regulations while leveraging the benefits of cloud computing and data partnerships.
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