ChainCatcher news, according to Techcrunch, the crypto security startup Silence Laboratories has announced the completion of a new funding round of $4.1 million, led by Pi Ventures and Kira Studio along with angel investors. This recent funding brings the company's total financing to $6 million. The startup will use this funding to expand its team and strengthen its R&D channels.Silence Laboratories is a startup that builds infrastructure using Multi-Party Computation (MPC) to help enterprises protect data privacy and security. The company offers two products that utilize MPC technology: Silent Shard and Silent Compute. Silent Shard has been audited by the security audit firm Trail of Bits, allowing enterprises and users to limit the risk of exposing sensitive private keys and implement advanced authorization rules. Silent Compute enables enterprises to collaboratively process information without disclosing their private data to third parties.

ChainCatcher news, Indian early-stage venture fund pi Ventures announced that it has secured an investment commitment of 1 billion Indian Rupees (approximately 12 million USD) from the startup fund (FFS) managed by the Small Industries Development Bank of India (SIDBI). The fund has also received support from investors such as BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, as well as Binny Bansal and Varun Alagh. Pi Ventures announced that it will use this funding to invest in startups focused on deep technologies across industries, including artificial intelligence and blockchain.Currently, pi Ventures' portfolio in the crypto and blockchain sector includes Web3 cybersecurity company Silence Laboratories, industrial technology company SwitchOn, and blockchain B2B currency supply chain management platform OweMe, among others. (source link)