What is Duality?
Founded in 2016 and headquartered in Maplewood, New Jersey, Duality has developed the SecurePlus platform. This innovative technology enables secure analysis and artificial intelligence applications on encrypted data, allowing organizations to derive critical insights from sensitive information without compromising its confidentiality. Duality operates within the burgeoning field of privacy-preserving computation, addressing a critical need for businesses handling confidential data.
How much funding has Duality raised?
Duality has raised a total of $56M across 4 funding rounds:
Unspecified
$4M
Series A
$16M
Series B
$30M
Unspecified
$6M
Unspecified (2018): $4M with participation from Team8
Series A (2019): $16M led by Intel Capital, Hearst Ventures, and Team8
Series B (2021): $30M supported by LG Technology Ventures, NAventures, and Euclidean Capital
Unspecified (2024): $6M featuring Advanced Research Projects Agency for Health
Key Investors in Duality
LG Technology Ventures
LG Technology Ventures is a venture capital firm based in Silicon Valley that supports early- and growth-stage innovators across various sectors, including AI, biotech, and cleantech. With nearly $1 billion in assets under management and over 80 active investments, they provide not only capital but also access to LG Group's extensive global network.
Intel Capital
Founded in 1991, Intel Capital, a division of Intel, invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter, Cloud, 5G, next-generation compute, and a wide range of other technologies. Intel Capital curates thousands of business development introductions each year.
Team8
Team8 is a company-building venture group with deep domain expertise that creates companies and invests in companies specializing in enterprise technology, data, AI and cybersecurity. Leveraging an in-house, multi-disciplinary team of company-builders integrated with a dedicated community of c-level executives and thought leaders, Team8's model is designed to outline big problems, ideate solutions, and help accelerate success through technology, market fit and talent acquisition.
What's next for Duality?
The recent major strategic investment signals a new phase of expansion for Duality. This capital infusion is expected to fuel further development of its SecurePlus platform, enhance its market reach, and potentially explore new applications for its technology. The company's focus on secure data analysis positions it to capitalize on increasing regulatory scrutiny and the growing demand for privacy-enhancing technologies across various industries, including finance, healthcare, and government.
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