TechCrunch sat down with CipherMode Labs' CEO, Sadegh Riazi, to discuss the company's recently launched open-source Secure Multiparty Computation (SMPC) solution and Seed fundraising round.
TechCrunch sat down with CipherMode Labs' CEO, Sadegh Riazi, to discuss the company's recently launched open-source Secure Multiparty Computation (SMPC) solution and Seed fundraising round.
TechCrunch sat down with CipherMode Labs' CEO, Sadegh Riazi, to discuss the company's recently launched open-source Secure Multiparty Computation (SMPC) solution and Seed fundraising round.
CipherMode Labs CEO and co-founder Sadegh Riazi has been working with encryption his entire career. He studied it as part of his PhD. He was part of the Microsoft SEAL team that worked on improving homomorphic encryption and making it more efficient.
What he found was that while homomorphic encryption allows you to work with encrypted data, it does so at an extremely high resource cost, one that’s so high, it is bad for the environment. He spent much of the first part of his career working to make it more efficient, but he found that even with custom chips, he and his fellow researchers could only move the needle so much.
That’s when he decided to go in a different direction and take an encrypted road less traveled. He teamed up with Ilya Razenshteyn, who had studied encryption at MIT, and they began looking at a method that previously hadn’t been taken very seriously in the encryption community.
Read the full text article at TechCrunch here.
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