What is CipherMode Labs?
Founded in 2020 and headquartered in Los Angeles, CA, CipherMode Labs operates at the intersection of data security and advanced computation. The company provides a robust computation platform designed to enhance data protection for enterprises. Its focus on securing data while enabling complex computations positions it as a key player in the evolving cybersecurity market, addressing critical needs for privacy and secure data processing in an increasingly data-driven world.
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 that specializes in early-stage and seed funding, dedicated to supporting founders from the inception of their ideas through to real-world application. They offer resources, tools, and mentorship to help startups thrive.
National Science Foundation
The National Science Foundation (NSF) is an independent federal agency established to promote the progress of science and advance national health, prosperity, and welfare. It supports fundamental research and education across all fields of science and engineering.
Innovation Endeavors
Innovation Endeavors is an early-stage venture capital firm that invests in visionary founders and transformational technologies, focusing on emergent ecosystems and industries like AI/ML, biotech, and enterprise solutions.
What's next for CipherMode Labs?
With the recent strategic investment, CipherMode Labs is poised for accelerated growth and innovation. The company is expected to leverage this capital to enhance its platform capabilities, expand its market reach, and potentially scale its operations to meet growing enterprise demand for secure computation solutions. This funding round suggests a transition into a scaling phase, where CipherMode Labs will likely focus on solidifying its market position and driving adoption of its technology.
See full CipherMode Labs company page
