Los Angeles, United States
Pyte, originally known as CipherMode Labs, is a dynamic player in the secure data collaboration space, established in 2021. The company's slogan, "Unleash Your Data Without Compromising Privacy & Security,", encapsulates its core mission of providing seamless and secure data operations.
Specializing in industries like AI, Data Analytics, and Information Technology, Pyte delivers state-of-the-art solutions that allow data-driven companies to engage in encrypted data computation without the need for decryption. This is achieved through their proprietary secure multiparty computation (SMPC) technology, born from over a decade of academic research spearheaded by co-founders Sadegh Riazi (CEO) and Ilya Razenshteyn (CTO).
The company recently secured a $5.00M Venture Round investment on 24 April 2024, supported by notable investors including Pillar, Innovation Endeavors, Liberty Mutual Strategic Ventures, and Myriad Venture Partners. This backing positions Pyte as a promising enterprise poised for growth in the rapidly evolving data privacy sector, particularly from its base in the United States.
