MARKET MOVEMENT
CrowdStrike announces plans to acquire Flow Security , a cloud data runtime security provider
CrowdStrike , announced it has agreed to acquire Flow Security , the industry ’ s first and only cloud data runtime security solution . With this acquisition , CrowdStrike is setting the standard for modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments , delivering the only cloud data protection platform that secures data in all states , both at rest and in motion .
An organisation ’ s most critical information remains the primary target of the adversary . As businesses use more data than ever , the growing reliance on cloud has led to the distribution of data across cloudbased services , third-party APIs and GenAI applications . Adversaries are increasingly becoming adept at exploiting the gaps created by stitched together platforms and cloud point-products to target and steal sensitive data .
Stopping breaches requires a unified security platform that natively protects data at rest and in motion as it flows through the cloud , on-prem and within applications . With the acquisition of Flow Security and by bringing data security posture management to the CrowdStrike Falcon XDR platform , CrowdStrike is setting a new standard for modern cloud security with data security innovations that discover , classify , and protect data in all states from the risk of exposure , wherever it moves or resides .
With the acquisition of Flow Security , the CrowdStrike Falcon platform is poised to become the industry ’ s most comprehensive data security platform . Following the closing of the acquisition , CrowdStrike plans to
Founders of Flow Security
fully deliver native Flow Security DSPM capabilities in Falcon Cloud Security as part of the Falcon XDR platform , enabling customers to consolidate cloud point solutions and protect the entire cloud estate .
Through this , CrowdStrike will provide visibility into critical cloud data flows , insight into how data interacts with applications , and the ability to detect when sensitive data is at risk or unintentionally leaving an environment .
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Silence Laboratories raises $ 4.1 million funding led by Pi Ventures and Kira Studio
Silence Laboratories announces it has raised an additional $ 4.1 million funding round led by Pi Ventures and Kira Studio , along with several prominent angel investors . Founded in 2021 by Dr Jay Prakash CEO , Dr Andrei Bytes CTO and Dr Tony Quek ; the firm has also recently been expanding its global leadership team across cryptography , infrastructure business and engineering .
Leveraging modern cryptography , the company already has one of the fastest distributed signature , authorisation libraries in production , Silent Shard , which has been audited by some of the best security auditing companies like Trail of Bits . These libraries have led to the establishment of strong partnerships with digital asset infrastructure and protocol companies like BitGo , MetaMask , EigenLayer , Biconomy , and EasyCrypto .
Products on offer by the company include Silent Shard which allows enterprises and users to limit the risk of exposing sensitive private keys and allows advanced authorisation rules to be put in place . Additionally , the newly launched Silent Compute product allows different organisations to collaborate on processing information without needing to expose their secrets and data to third parties and enrich insights while maintaining compliance and trust . Both the products uses multi-party computation , MPC as its core cryptographic primitives .
With the market for privacy-enhancing technologies , PETs growing globally at a compound annual growth rate of 26.6 %, there is growing demand for Silence Laboratories offering to provide mathematical guarantees for techno-legal expectations . This would allow companies to
Dr Tony Quek , Dr Andrei Bytes , Dr Jay Prakash
work together on processing data , without needing to share data with the other party – allowing more sectors to benefit from new technology , with less risk .
The company has been founded by a strong technical and business team including PhDs and researchers with previous affiliations at the Massachusetts Institute of Technology , Singapore University of Technology and Design , National University of Singapore ; University of Illinois Urbana-Champaign .
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