What is CipherMode Labs?
Founded in 2020 and headquartered in Los Angeles, CA, CipherMode Labs is at the forefront of data security and computation platform provision. The company is developing innovative solutions designed to protect sensitive data while enabling advanced computational processes. Its focus on secure computation positions it as a key player in an increasingly data-centric and security-conscious market.
How much funding has CipherMode Labs raised?
CipherMode Labs has raised a total of $6.7M across 1 funding round:
Angel/Seed
$6.7M
Angel/Seed (2022): $6.7M with participation from Pillar VC, National Science Foundation, and Innovation Endeavors
Key Investors in CipherMode Labs
Pillar VC
Pillar VC is a Boston-based venture capital firm specializing in early-stage and seed funding, aimed at supporting founders in their professional and personal growth. The firm is dedicated to backing entrepreneurs from the inception of their ideas, guiding them from concept to real-world application.
National Science Foundation
The National Science Foundation (NSF) is an independent federal agency created by Congress in 1950 to promote the progress of science; to advance the national health, prosperity, and welfare. The NSF is headquartered in Alexandria, Virginia.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders, transformational technologies and emergent ecosystems. The firm's central investment thesis, the Super Evolution, combines data, leading-edge computation, and advanced engineering to transform industries.
What's next for CipherMode Labs?
With the recent major strategic investment, CipherMode Labs is poised for accelerated growth and further development of its data security and computation platform. This capital infusion is expected to fuel expansion into new markets, enhance research and development efforts, and scale its operational capacity to meet growing enterprise demand. The company's trajectory suggests a focus on solidifying its market position and delivering robust security solutions.
See full CipherMode Labs company page
