What is Duality?
Founded in 2016 and headquartered in Maplewood, New Jersey, Duality operates at the forefront of data security and privacy. Its SecurePlus platform is engineered to enable secure analysis and artificial intelligence processing on encrypted data. This innovative approach allows organizations to derive critical insights from sensitive information without compromising the data's confidentiality, addressing a growing need in an era of stringent data protection regulations and increasing cyber threats. The company's focus on privacy-preserving computation positions it as a key player in the secure data analytics market.
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 Team8, Hearst Ventures, and Intel Capital
Series B (2021): $30M supported by NAventures, LG Technology Ventures, 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.
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.
Hearst Ventures
Hearst is a global diversified media, information, and services company that operates across a wide range of industries including journalism, broadcasting, financial services, healthcare information, and transportation technology. The company has a long-standing legacy of innovation and is recognized for delivering trusted content, data-driven insights, and technology-enabled services that support both consumers and businesses worldwide.
What's next for Duality?
The recent major strategic investment signals a pivotal phase for Duality, likely aimed at accelerating product development, expanding market reach, and enhancing its technological capabilities. With a foundation built on secure analysis of encrypted data, the company is well-positioned to capitalize on the increasing demand for privacy-preserving AI solutions across various enterprise sectors. Future growth will likely involve deepening partnerships, exploring new industry verticals, and further solidifying its competitive advantage in the secure data analytics landscape.
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