Dyadic Security Raises $12M to Transform Cryptographic Key Management
Dyadic Security, a cloud-based cybersecurity innovator, has announced a $12 million funding round to advance its virtual cryptographic key technology. This breakthrough solution enables businesses to encrypt and decrypt data without relying on traditional hardware-based systems.
The Future of Cryptographic Key Protection
“Cryptographic keys are the digital gatekeepers of sensitive data,” explains Avner Mor, CEO and co-founder of Dyadic Security. “Our technology redefines how organizations secure these critical assets by eliminating the hardware dependency that has long been the industry standard.”
Key features of Dyadic’s innovative approach include:
- Virtual key distribution across servers, laptops, smartphones, and IoT devices
- Cloud or on-premises deployment flexibility
- Patented key-splitting technology that divides keys into secure components stored separately
Disrupting Traditional Security Paradigms
Traditional cryptographic security has relied on Hardware Security Modules (HSMs), but Dyadic’s software solution offers:
- Cost efficiency by removing hardware requirements
- Scalability for growing enterprises
- Flexibility across diverse IT environments
The company primarily serves Fortune 500 clients, though specific subscriber numbers remain confidential.
Competitive Landscape and Market Position
Dyadic competes in three key security sectors:
- Hardware Security Modules (HSMs)
- Key Management Solutions
- Advanced Authentication Systems
Notable compe*****s include AWS CloudHSM, Box KeySafe, and Microsoft Azure Key Vault.
Funding and Growth Plans
The investment round was led by:
- Goldman Sachs
- Citi Ventures
- Innovation Endeavors (Eric Schmidt’s fund)
Since its 2014 founding, Dyadic has raised $15 million total, including a €2 million EU Horizon 2020 grant. The new capital will fuel:
- North American market expansion
- Sales and marketing initiatives
- Product development
The Petach Tikva-based company currently employs 20 cybersecurity specialists.
For organizations seeking next-generation cryptographic security, Dyadic’s virtualized approach represents a significant leap forward in data protection technology.
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