Duality Technologies has recently raised $16 million for their privacy-preserving data science solutions. The company is known for its commitment to privacy and security, and its solutions are designed to enable businesses to securely analyse sensitive data without the risk of privacy breaches.
This article will discuss the benefits of using Duality Technologies’ solutions and how they can help businesses reach their goals.
Duality Technologies raises $16 million for privacy-preserving data science solutions
Founded in 2016, Duality Technologies is a software company specialising in securely sharing sensitive data. Their solutions enable businesses, governments, and scientists to share data between partially-trusted peers without compromising privacy or security. The company recently raised $16 million in Series A funding to develop their secure computational solutions further.
Duality Technologies’ platform enables users to discover new insights without sacrificing privacy or introducing additional trust assumptions while securely sharing sensitive information. Through encryption and secure multi-party computation algorithms, Duality Technologies provides an efficient and scalable way for organisations to collaborate on confidential data using powerful mathematical techniques such as deep learning and machine learning.
The technology is valuable because it allows organisations to work together securely and efficiently on private datasets while preserving individuals’ confidentiality and protecting proprietary information. Furthermore, the technology enables sub-groups within organisations, such as government agencies and medical services providers, to share confidential microdata without exposing any details of their customers. Additionally, Duality Technologies provides a comprehensive suite of tools for developers that enable them to securely integrate machine learning into their products with confidence.
These solutions make it easier for companies to use these powerful technologies while ensuring that individuals’ privacy is always maintained. By providing these kinds of tools, Duality Technologies enables businesses across different sectors and industries to leverage the power of machine learning while still keeping confidential information secure.
Why Duality Technologies is a leader in privacy-preserving data science solutions
Duality Technologies is a leader in privacy-preserving data science solutions, offering secure platforms enabling businesses to work with sensitive data while keeping it safe. Duality’s solutions are designed to give users more control over their data while protecting their privacy.
The technology behind Duality Technologies is Secure Multi-Party Computation (MPC), which allows multiple parties to collaborate on a common project without revealing any of their data points. This helps businesses comply with data privacy regulations, as MPC ensures that no personal information is ever shared or transferred.
The recent $16 million Series B funding for Duality Technologies demonstrates the company’s progress in developing and implementing advanced security technologies in the commercial world. This additional capital will be used to further its vision of creating an ecosystem of secure cloud-based services for organisations working with sensitive datasets who want to remain compliant with all applicable laws and regulations around data privacy, such as HIPAA requirements.
Using Duality’s solutions can benefit businesses by providing a secure platform that helps them protect their customer’s data and comply with applicable laws without sacrificing performance or functionality. Businesses can rest assured knowing that all sensitive information stored on cloud-based services is encrypted and only shared when necessary. With the help of Duality, companies can ensure that their customer’s privacy remains uncompromised while still gaining access to valuable insights from analytical workloads utilising confidential customer data.
Benefits of Using Duality Technologies Solutions
Duality Technologies has recently raised $16 million for its privacy-preserving data science solutions. These solutions offer numerous benefits to organisations, such as enhanced security, accuracy, and scalability.
This article will delve more deeply into the benefits of using Duality Technologies’ solutions and discuss how they can help organisations achieve their data goals.
Increased security and privacy
Duality Technologies offers advanced security and privacy solutions that provide additional protection measures for data privacy. By leveraging cutting-edge technologies, Duality’s solutions allow organisations to more easily share and collaborate on sensitive data assets while preserving its longevity and efficacy over time.
The company has raised $16 million in Series A funding to further enhance its security products. The investments will be used to expand the company’s customer base and bolster its research and development efforts into expanding the full-stack capabilities of its enterprise platform.
The core of Duality’s technology is a suite of private computation algorithms that enable users to securely process data without exposing their secrets or leaving confidential information behind in dangerously unprotected locations. This secure solution eliminates the risk of third-party applications accessing secure data for malicious purposes. Additionally, Duality’s solution allows clients to preserve the integrity of their data, regardless of potential changes or updates over time since each user interacts with only encrypted computations which are not revealed or decipherable by anyone except the intended party.
Customers using Duality’s services will benefit from increased security and privacy protocols, allowing them to operate with confidence knowing that their sensitive information is securely encrypted at all times – whether it is in transit between parties or stored on on-premises system databases – thus providing access only to those authorised by their organisation. Furthermore, customers who use Duality Technologies’ solutions can be certain that no additional insights can be gleaned from employee activities interacting with this type of secured environment – making sure that internal processes remain private between employees within an organisation while also protecting customer identities and guarding against unauthorised outside actors accessing valuable information such as business trade secrets.
Improved data accuracy
Using Duality Technologies’ solutions can lead to significant improvements in data accuracy. In addition, leveraging these solutions allows users to achieve more accurate machine learning results from confidential datasets without compromising data privacy.
These solutions employ innovative cryptographic techniques that allow data owners to securely submit their data, while still allowing them to analyse it without revealing specific elements or patterns. Through this process, higher levels of accuracy can be achieved compared to traditional approaches such as applying a layer of generalisation or suppression before sharing the results with machine learning models.
As a result, businesses can make better decisions based on the insights generated from analysis with more accurate and complete datasets. This leads to better planning and more effective decision making for organisations looking for actionable business intelligence.
Enhanced collaboration and data sharing
Duality Technologies has developed a privacy-preserving data science platform that enables businesses to safely and securely share, collaborate and analyse sensitive data with minimal risk. It enables companies to unlock valuable insights from restricted data sets without exposing the underlying data. In addition, the platform allows individual team members from different organisations to work on confidential, regulated or intellectually-owned data without compromising security or privacy.
Through Duality Technologies’ software, users can collaborate remotely in real-time enhancing efficiency and effectiveness for business operations.
Duality’s DataPrivacy Suite includes algorithms tailored for operating on secret data, secure infrastructure for collaborating across private networks, secure virtual machine execution guarantees and cloud-based operations security protocols so individuals outside the network can securely access the information required from their own devices at any time. The platform also offers tools to simplify compliance requirements while ensuring the necessary protection of customer data. It also includes a suite of workflows that provide central oversight and control over sensitive customer information in a private setting, making it simple and easy to analyse customer behaviour at scale while maintaining their privacy. With these services businesses can focus their resources on analysing insights instead of protecting them while they are being shared or processed.
How Duality Technologies is Revolutionising Data Science
Duality Technologies has received a $16 million Series A funding from investors to develop privacy-preserving data science solutions.
Their solutions are designed to increase the trust and security of data-driven applications and platforms.
This section will explore how Duality Technologies is revolutionising data science and the various benefits of its solutions.
Leveraging secure multi-party computation (MPC)
Secure multi-party computation (MPC) – a special form of encryption – is a robust, secure way to handle confidential data with distinct advantages compared to traditional data analysis methods. Leveraging MPC, Duality Technologies allows organisations to build powerful analytics models while protecting the privacy and security of sensitive data, address challenges related to data mobility and compatibility, and reduce costs associated with compliance requirements.
MPC combines the best of two worlds: it allows organisations the flexibility and power to analyse confidential data sets without exposing any of the underlying information. This enables businesses to unlock their most valuable asset — data — more securely than ever. In addition, duality’s innovative MPC solutions block malicious actors who may try to tamper with the transmitted files or access confidential data sets by maintaining complete control over the encrypted records throughout the computation process. This ensures that while participating stakeholders can collectively derive insights from analysis of their collective datasets, no individual’s sensitive information is ever shared outside directly-trusted parties for such workflows to be successful.
The combination of strong cryptography leveraged via MPC technology provides organisations with unmatched security and privacy for their sensitive datasets. By adding this additional layer of protection on top of traditional encryption methods, corporate stakeholders can rest assured that their firm’s most valuable asset — customer or business intelligence — remains safe at all times throughout its exchange among chosen recipients and becomes increasingly difficult for third parties to penetrate against malicious actors looking for ways into an organisation’s vital resources.
Utilising secure enclaves
Duality Technologies’ secure data science solutions allow organisations to utilise secure enclaves to protect and analyse sensitive data without sacrificing privacy or security. Duality allows companies to securely store, process, and analyse sensitive data while maintaining control over the privacy and security of their data. This technology uses homomorphic encryption and multi-party computation to encode sensitive data in the cloud while allowing it to be used for analysis without risking a breach of any of the encrypted setup.
This means organisations can use Duality’s secure enclaves, even during development (such as training deep learning models), without risk of interference or leaked information.
By utilising secure enclaves, Duality Technologies combines both privacy-preserving analysis protected by strong encryption with on-site organisations’ control over their datasets. This ensures that users can perform a comprehensive analysis on their datasets without compromising the privacy of any individual user or any other source of information. Additionally, this ability allows users to collaborate on projects across remote locations in an orderly and secure fashion due to the trust placed in this innovative technology provided by Duality Technologies.
This solution will also speed up development times with drastically reduced setup costs due to its mechanical scalability compared to traditional on-premise technologies and extensive pre-processing time requirements typically associated with cloud deployments of large datasets. The cutting edge tech pioneered by Duality has untapped potential for revolutionising all areas of digital security when it comes to interfacing with potential partners and fostering internal collaborations at scale between geographically disparate teams across multiple devices for personalised ad campaigns or other analytics-driven projects alike.
Applying homomorphic encryption
Duality Technologies is a start-up based in San Francisco, founded in 2016. The company has raised $16 million to revolutionise data science through applying homomorphic encryption. Homomorphic encryption is a data encryption method designed to allow calculations on encrypted data without decrypting it first. This capability allows Duality technologies to secure data assets from prying eyes while still allowing large-scale analytics operations.
This approach enables full security for sensitive and regulated enterprise organisations who require privacy for the personal data of their customers and employees, as the information stored and accessed by the organisations remains encrypted even in transmission or during computations. Furthermore, analysis is run on encrypted datasets that can’t be seen by anyone other than those with access rights. In addition, Duality’s technology also allows even low-security risk organisations – but require a competitive edge – to take advantage of secure, private deep learning solutions via their database solutions, enabling distributed training operations on high performance clouds or databases to better analyse previously protected sources of datasets.
With their state-of-the-art technologies, Duality Technologies provides businesses a privacy preserving solution that removes traditional obstacles associated with analysis pipelines – ranging from privacy problems related to consumer trust and compliance concerns to lack of machine learning performance when training over across sensitive datasets for predictive analytics tasks.
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