Silence Laboratories
A Singapore-based cryptography startup using secure multi-party computation to eliminate single points of failure in passwordless authentication and digital-asset key custody.
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Silence Laboratories builds cryptographic infrastructure for authentication and digital-asset key management using secure multi-party computation (MPC) and threshold signatures. The core idea: split a private key or authentication secret across multiple parties or devices so that no single device, server, or party ever holds the complete secret. That structurally removes the single point of failure that phishing, SIM-swapping, and server-side credential theft all exploit against conventional password- and OTP-based authentication, and does the same for private-key custody in digital-asset environments.
Founded in Singapore in 2021 by three PhDs (Dr. Jay Prakash, Dr. Andrei Bytes, and Dr. Tony Quek) out of applied-cryptography research, the company ships a "universal MPC authenticator" aimed at replacing traditional MFA factors, and has since extended into institutional digital-asset custody with an MPC wallet infrastructure product built around low-latency threshold-signature generation.
The company raised a Series A round in February 2024 led by Pi Ventures and Kira Studio, bringing total disclosed funding to roughly $6 million — independently reported by TechCrunch rather than only self-published. It remains a small, early-stage team, and while its cryptographic approach is technically credible, no independent security audit or third-party penetration-test results specific to its products surfaced in available research.
Innovation Matrix Assessment
In roughly three years the company moved from a research spinout to a universal MPC authenticator and then to post-quantum MPC wallet infrastructure for institutional custody - a fast roadmap expansion for a team this size.
A small team (11-50) with three PhD founders and about $6M total raised is enough to ship real product, but represents meaningful early-stage execution risk relative to more established identity vendors.
A February 2024 Series A led by named venture investors (Pi Ventures, Kira Studio) and independently reported by TechCrunch is a credible, verifiable growth signal, though customer traction beyond that is not well documented publicly.
MPC-based, keyless authentication is a structurally different cryptographic approach than password- or OTP-based MFA, directly addressing phishing and SIM-swap attack classes rather than just adding another factor on top of the same vulnerable architecture.
No independent third-party security audit or penetration-test results specific to Silence Laboratories' products were found; performance claims such as sub-20ms signature generation are vendor-stated.
Passwordless authentication and secure digital-asset custody are both active, growing enterprise and Web3 security priorities, keeping the company's dual product focus well aligned with current buyer needs.
Why CISOs Should Care
Silence Laboratories offers a structural fix to credential phishing and single-point-of-failure key theft by ensuring no single device or party ever holds a complete authentication secret or private key - relevant for both workforce passwordless authentication and institutional digital-asset custody.
What Makes It Different
A genuine cryptographic MPC/threshold-signature foundation, not just another passwordless UX wrapper, differentiates it from typical FIDO2/passkey vendors, and its dual focus spans workforce authentication and institutional crypto-asset custody.
The Matrix Verdict
60/100 — INCREMENTAL INNOVATOR
A technically credible, fast-moving early-stage cryptography vendor with real, independently reported funding and strong founder pedigree, but efficacy claims remain vendor-asserted pending independent audits - one to watch rather than a proven platform yet.
Editorial Note: Claims vs. Verified Findings
The Series A funding amount and investor names are independently reported by TechCrunch. Performance claims (e.g., sub-20ms signature generation) and specific customer traction figures are vendor-stated and were not independently verified in available sources.
Sources
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