NEW YORK--(BUSINESS WIRE)--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
To learn more about the new brand, its mission and offering, join the webinar on February 1, 2018: http://info.unboundtech.com/welcome-to-unbound-live-webinar
Unbound, the world leader in software defined cryptography, delivers a pure-software solution that frees security and privacy from physical constraints so it can align with the new digital reality. Applying revolutionary breakthroughs in mathematics to allow working with secrets without ever exposing them, Unbound ensures that organizations’ most precious digital assets are safe – anytime, anywhere. Some of the world’s most successful Fortune 500 enterprises with the highest security and privacy requirements rely on Unbound to enable the delivery of previously out-of-reach digital products and services with unprecedented speed and scale.