Silence Laboratories has raised $1.7 million in a seed funding round led by pi Ventures. ImToken Ventures and a slew of angel investors also participated in the round.
The startup plans to use funds to further widen its product offerings towards decentralised security, improve its technology stack, strengthen its team and scale its go-to-market operations.
The firm is currently working on setting up an applied cryptography corporate research and development centre in South Asia. The centre will work on solving niche problems in usable security and multi-party computation algorithms. Silence Laboratories will soon release its product portfolio for integrations along with announcing collaborations, a statement said.
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