DEVOPSdigest

Dyadic Security has rebranded as Unbound Technology.

Stemming from the mathematical term “unbounded” which refers to something that is not confined to certain parameters – reflecting the company’s unique approach to security and privacy, which is based on multiparty computation (MPC). As a company, Unbound allows organizations to work with secrets without ever exposing them, ensuring digital assets are safe at all times. Now, previously out-of-reach digital services can be built while complying with the strictest security and privacy standards.

“We see a bright future for Unbound as enterprises are transitioning to the cloud, which changes the risk landscape dramatically,” said Arvind Purushotham, Managing Director and Global Head of Venture Investing at Citi Ventures. “Unbound’s technology provides organizations with the stringent, modern security necessary for assets in the cloud, without hindering scalability and efficiency. We are excited to be a part of the company’s growth as it releases strong security from the confines of hardware and enables new possibilities for trusted digital innovation.”

Unbound's $12 million Series B funding round was led by Goldman Sachs Principal Strategic Investments, Citi Ventures and Innovation Endeavors.

“What we’re doing is truly disruptive, and adopting the name Unbound speaks to our identity as a company and continued innovation. We’re delivering unprecedented, mathematically-guaranteed protection for cryptographic keys and secrets on premise and in the cloud with a pure-software solution that eliminates the need to compromise between security and usability,” said Avner Mor, CEO and co-founder of Unbound. “As Unbound, we will continue to free enterprises to grow and accelerate their digital initiatives without settling for anything but the highest levels of security and privacy – while bringing game-changing technologies to the market.”