Pyte Named a Major Player in 2024 IDC MarketScape for Worldwide Data Clean Room Technology

LOS ANGELES, January 25, 2024 — Pyte, a leading data collaboration and computations company, was recognized as a Major Player in in the IDC MarketScape: Worldwide Data Clean Room Technology 2024 Vendor Assessment(doc #US51607923, January 2024).

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"Data clean rooms technologies provide important capabilities, not available with the simple exchange of data, that enterprises require to create shared data and insight across a broad set of use cases that previously had to be done either with less data or via a trusted neutral third party," said Lynne Schneider, research director of Data as a Service and Data Marketplaces at IDC. "In the face of increasing privacy regulation, technological changes, and advances in privacy-preserving computation, these solutions are moving from theory to something that is practical."

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SecureSuite is the only data collaboration solution that can compute encrypted data without the need for decryption at any point in the data lifecycle. Pyte’s clients are able to keep their data in their own cloud or on-premise environments at all times, enabling each company to maintain complete data sovereignty and control. 

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“Being named a Major Player in the IDC MarketScape is a reflection of Pyte’s commitment to building the most secure data collaboration solution,” said Sadegh Riazi, founder and CEO of Pyte. “At Pyte we are redefining what ‘end-to-end’ encryption means. Our unique approach to customer data encryption has resonated strongly with our enterprise customers, and we’re anticipating significant growth in 2024 and beyond.” 

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AboutPyte‍

Pyte is a secure data collaboration solutionsprovider. The company’s cutting-edge technology allows for computation onencrypted data without decryption at any point in the data lifecycle, enablingenterprises to seamlessly leverage their data across cloud environments,partners, and jurisdictions while remaining privacy compliant and protectingagainst data breaches. Pyte’s patented SMPC cryptographic technology is basedon a decade of academic research by Pyte’s co-founders Sadegh Riazi and IlyaRazenshteyn. The team consists of six PhDs, three of which are world-leadingexperts in secure computation, and three ICPC Gold Medalists. Investors in Pyteinclude Eric Schmidt and Jeff Dean. Headquartered in Los Angeles, Pyte hasoffices across North America and Europe. Visit us at www.pyte.ai.

AboutIDC MarketScape

IDC MarketScape vendor assessment model isdesigned to provide an overview of the competitive fitness of ICT (informationand communications technology) suppliers in a given market. The researchmethodology utilizes a rigorous scoring methodology based on both qualitativeand quantitative criteria that results in a single graphical illustration ofeach vendor’s position within a given market. IDC MarketScape provides a clearframework in which the product and service offerings, capabilities and strategies,and current Page 6 © IDC Visit us at IDC.com and follow us on Twitter: @IDC andfuture market success factors of IT and telecommunications vendors can bemeaningfully compared. The framework also provides technology buyers with a360-degree assessment of the strengths and weaknesses of current andprospective vendors.

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