Duality Technologies offers a comprehensive suite of data security solutions to help meet the regulatory, compliance, and privacy control requirements for businesses. By leveraging Duality’s platform, organizations can ensure confidential data is accessed only by authorized personnel and processed by their policy; mitigate against costly data breaches, ransomware attacks, and other threats; provide users with a secure access portal; and easily embed privacy preserving technologies into their ecosystem.
Duality’s technology platform enables organizations to improve security posture in multiple ways beyond encryption. The following benefits should be taken into consideration when evaluating Duality’s technology stack as your business’s solution to data security:
- Easy deployment: Duality’s various components have a modular design that allows them to be deployed quickly and with minimal effort. All products are designed to be lightweight so they won’t slow down your system while protecting confidential information.
- Secure storage: Duality protects the storage of sensitive information using advanced encryption algorithms. It also offers secure multi-party computation that ensures that only authorized parties can decrypt the stored content. Plus, its distributed architecture increases security by minimizing risk of detecting potential attackers or malicious insiders.
- Multi-factor authentication: Authentication factors such as one-time passwords (OTP) are used in dual factor authentication when logging into the system. This is more secure than single factor authentication and helps protect against malicious access attempts such as cross-site scripting (XSS).
- End-to-end encryption: All data transferred between system components are encrypted end-to-end using strong algorithm suites such as ECDSA or AES/RSA 256 bit keys to ensure maximum safety even if communications lines are intercepted by malicious third parties. Additionally, files being stored on external systems can be securely enclosed in containers which are encrypted with personal passwords or keys set up during installation process.
- Unparalleled use case coverage: Duality provides built-in support for many use cases such as healthcare applications (HIPAA compliant), financial services transactions (FINRA approved) or remote office setups where mobile users need secure access rights on mobile devices. Also its technology is compliant not only industry standards but organizational standards too like GDPR (General Data Protection Regulation).
Privacy-preserving data platform Duality Technologies raises $30M
Duality Technologies is a privacy-preserving data platform that allows companies to securely store and share sensitive data. Their platform, called the Duality SecurePlus, uses advanced encryption and other technologies to keep data safe.
The company recently received a $30M funding round from investors, which suggests that their technology is highly sought after in the market. With that in mind, let’s examine some key benefits of Duality Technologies.
What is Duality Technologies?
Duality Technologies is a cutting-edge encryption platform that provides secure data infrastructure and digital privacy solutions. The platform features zero-knowledge proofs, homomorphic encryption and secure multi-party computation (MPC). With these technologies, users can share sensitive data in a private, secure and permissionable manner.
Duality Technologies’ core cryptography allows parties to encrypt information without holding the confidential key, breaking it into multiple secret shares using MPC. This creates an environment where different entities can securely exchange information without ever having to trust each other with their private key. Further, Duality Technologies’ construction of MPC utilizes both financial cryptographies – including asset protection through Double-Spending Guard (DSG) technology – and homomorphic encryption allows the user to outsource computation while preserving the security of their cryptographic data.
Overall, Duality Technologies provides fast, easy access to privacy-preserving collaboration and secure management of sensitive data within an open blockchain ecosystem. Ultimately, this ensures that organizations or individuals do not have to sacrifice privacy or security for access to critical digital assets or financial transactions.
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How does Duality Technologies work?
Duality Technologies is a secure cloud-based platform that helps organizations protect and secure their data without physical hardware. The platform provides end-to-end encryption with full privacy and control through a secure web interface. Duality Technologies uses secure technology to enable an applications server to generate random passwords, encrypt documents, and provide identity protection.
To use Duality Technologies, users must generate keys that authorize access to their accounts. These keys can be generated independently or an external third-party vendor can be used. Once created, these keys will allow users to access their accounts from any location with internet access, as well as have total control of the data stored within this secured environment.
The secure data storage offered by Duality Technologies also includes additional features such as auditing logs for activities related to its encryption processes like document merges or key exchanges with third-parties. These logs are encrypted and stored on servers outside the company’s premises to reduce the risk of potential breaches and attacks from malicious actors looking to access sensitive information held by organizations using Duality Technologies’ services.
The platform also includes various additional measures such as multi-factor authentication methods which ensure that only authorized personnel have access to user accounts however this completely depends on individual companies preferences and specific needs if organizations prefer having extra security layers enabled for their operations utilizing Duality Technologies’ services. All this makes Duality Technologies a very robust solution for securing your data in the cloud without compromising privacy or security protocol implementation in any sense whatsoever.
Benefits of Using Duality Technologies
Duality Technologies is a privacy-preserving data platform that is designed to enable secure collaboration between data owners and data users. The platform allows data to be processed without revealing sensitive information to any parties involved. Its latest raise of $30M shows the potential that is held within the platform.
In this article, we will discuss the various benefits of using Duality Technologies.
Enhanced privacy and security
Using Duality Technologies provides users with increased levels of privacy and security. Duality Technologies utilizes a secure zk-SNARK protocol, which enables data owners to establish a secure connection between two parties without revealing any personal information about either party. This ensures that the data transferred between two parties is safe and secure from malicious actors. Additionally, Duality Technologies does not require users to reveal their identity in order to operate the platform, ensuring that all users remain anonymous to other users and providing an extra layer of privacy and security.
Furthermore, Duality Technologies’ distributed ledger technology provides a transparent system for tracking transactions while protecting user data from unauthorized access or tampering. Moreover, it helps reduce operational costs by eliminating the need for third-party databases and intermediaries while providing real-time guarantees of accuracy and reliability in data transfer. By leveraging the latest cryptography methods such as homomorphic encryption, Multi Party Computation (MPC), and data sharding approaches such as clustered multi-signatures, duality technologies offer several advantages over traditional methods of cybersecurity protection in terms of scalability, interoperability, auditability and confidentiality.
Increased scalability and efficiency
Duality Technologies is quickly becoming a significant player in the cloud computing market due to their unique approach that provides increased scalability, efficiency and performance. The company leverages data separation technology, which divides an application into two parts: an “active” copy and a “passive” copy. This duality design allows enterprises to achieve complete scalability and optimize performance by running their applications more efficiently.
The benefit of using Duality Technologies is not just seen in terms of flexibility and efficiency, but also in cost savings. By offering users the ability to scale both up or down when needed, customers can set spending budget limits for specific activities (such as peak load periods). This can reduce operating costs significantly, as customers have more control over how many resources are allocated to specific tasks – meaning they don’t have to pay for the added overhead that comes with using multiple instances of traditional cloud hosting methods.
Additionally, Duality Technologies enables its customers to use greater levels of security without sacrificing application speed or scalability. Data separation ensures critical information is securely stored on an external server away from regular operations. Even if one side of the process fails there will be no loss or degradation in service quality. Users especially enjoy the peace-of-mind that applications are running securely; a fact reinforced by recent industry approval for higher-level compliance criteria such as GDPR (General Data Protection Regulation) across all hosted services offered by Duality Technologies.
Reduced costs
Duality Technologies offer several advantages to businesses, including reduced costs, improved data security and scalability. By optimizing processes and automating tasks, businesses can reduce costs associated with manual labor and improve operational efficiency.
Moreover, Duality Technologies can facilitate increased employee collaboration, enabling improved decision making processes.
Cloud-based software solutions offer businesses the opportunity to reduce overhead IT costs associated with managing on-premise infrastructure by reducing the hardware needed and providing services such as analytics. Additionally, Duality’s cutting-edge technologies provide organizations with improved data security measures such as encryption at rest which helps protect sensitive business data from cyber attacks.
Furthermore, Duality’s comprehensive suite of solutions provide businesses with the ability to quickly scale up or scale down their operations depending on customer demand or seasonal fluctuations.
Recent Funding
Data security firm Duality Technologies recently closed a $30 million Series A funding round, with investors including Unusual Ventures, Boldstart Ventures, and Compound.
This funding will help the company expand their privacy-preserving data platform.
In this article, we’ll discuss the benefits of this platform and why it’s been so successful in the market.
Overview of the recent $30M funding
In April 2021, Duality Technologies, a privacy-preserving and secure computing platform, announced a $30 million Series B funding round. The round was led by Intel Capital and joined by existing investors Google’s AI-focused venture arm Gradient Ventures and Basis Set Ventures.
This announcement comes just weeks after Duality Technologies launched its Privacy Finder product. Privacy Finder is an easy-to-use tool that provides users an intelligent way to search through the company’s library of privacy laws, regulations and industry best practices.
The recent Series B funding will enable Duality to further develop its technology and expand its business efforts throughout the US and abroad. Funds will also be used for advancing the development of additional tools that are designed to protect data from unauthorized access while transforming how companies store sensitive information in the cloud.
The $30M Series B funding provides further evidence that there is great demand for solutions that enable businesses to safely process data without compromising their security or confidentiality requirements. This new capital infusion gives Duality more capabilities to accelerate innovation in secure multi-party computation (MPC) technology and scale out its platform so users can benefit from better privacy preservation protocols built into the architecture. As user demand for secure computing solutions increases, this technology will become even more important in healthcare, banking, finance, insurance and IoT (Internet of Things).
Impact of the funding
The most recent funding round has been a boon for Duality Technologies. Not only has this allowed the company to bring on new experienced personnel, but it has also enabled it to invest in innovative research and development initiatives. This funding will ensure that Duality Technologies remains a leader in privacy-focused computing technology, such as secure multi-party computation and zero-knowledge proofs.
This recent influx of capital into the industry indicates increasing interest in security protocols for private data processing and storage, as more organizations seek to protect their data against malicious actors. By leveraging this investment, Duality Technologies can continue to develop cutting edge technologies and pioneer more secure systems for businesses around the world.
Furthermore, this round of funding presents an incredible opportunity for Duality Technologies to expand their reach internationally. The company can use resources from the funds raised to build out global operations, thereby providing more organizations with access to their innovative security solutions internationally.
Conclusion
Duality Technologies has developed an innovative platform that not only provides versatile security, but also helps users to reduce storage costs and maintain full control over their data.
Through its unrivaled encryption capabilities, fast and reliable performance, easy integrations with multiple platforms and services, and very affordable price points, Duality serves as a powerful, secure solution for organizations of any size who wish to keep sensitive data safe.
Ultimately, organizations looking for an efficient way to protect their data from unauthorized access or theft need look no further than Duality. With its exceptional security, scalability, affordability and ease of use, Duality has become a trusted interface for businesses worldwide who want to safeguard their assets in the digital age.
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