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Unbound Security

Unbound Security

Unbound develops technology to safeguard cryptographic keys by ensuring keys are never exposed throughout their lifecycle, in any environment.

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Unbound Tech Ltd.
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Article

Unbound Security is an enterprise cryptography management and security solutions provider with offices in New York City and Petah Tikva, Israel. Unbound Security was founded in 2013 by Yehuda Lindell, an Australian-born cryptography expertspecialist and computer science professor at Bar-Ilan University in Israel; Professor Nigel Smart, a British cryptography expertprofessional; and Guy Peer, a senior software expertand security engineer. The company’s Unbound CORE (Cryptographic Orchestration Reimagined for Enterprise) product provides businesses a unified cryptographic key management and infrastructure security solution that can secure multiple enterprise platformenvironments and locations from a single place. Unbound CORE uses secure multi-party computation (MPC) and provides a unified, secure approach to key is managementFIPS across140-2 multipleLevel environments2 and locationscertified.

Amy Tomlinson Gayle
Amy Tomlinson Gayle edited on 16 Feb, 2022
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Unbound Security

Unbound pioneers breakthroughdevelops technology to safeguard cryptographic keys, by ensuring keys are never exposed throughout their lifecycle, in any environment.

Article
Overview

Unbound Security is an enterprise cryptography management and security solutions provider with offices in New York City and Petah Tikva, Israel. Unbound Security was founded in 2013 by Yehuda Lindell, an Australian-born cryptography expert and computer science professor at Bar-Ilan University in Israel,; Professor Nigel Smart, a British cryptography expert,; and Guy Peer, a software expert. The company’s Unbound CORE key management enterprise platform uses secure multi-party computation (MPC) and provides a unified, secure approach to key management across multiple environments and locations.

Funding

In February 2015, the Companycompany, under the previous name Dyadic Security, was awarded the Horizon 2020 SME Instrument Grant of €2M ($2.28M) and closed its first round of funding from Innovation Endeavors in the amount of $3M. In March 2017, the company received $12M Series B funding from Innovation Endeavors, Citi Ventures and Goldman Sachs. Unbound Security completed another $20M Series B funding in November 2020 with Evolution Equity Partners.

Acquisition

In November 2021, the company was acquired by Coinbase. Competitors include Cryptomathic, Zettaset and PrimeFactors. In early 2022, LinkedIn lists 30thirty employees for the company.

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Previous name
Dyadic Security
Timeline

November 2021

Coinbase Acquiresacquires Cryptographiccryptographic Securitysecurity Firmfirm Unbound.

November 17, 2020

Unbound Tech Raisesraises $20M In Series B Funding, Ledled by Evolution Equity Partners

January 16, 2018

Dyadic Rebrandsrebrands as Unbound

March 14, 2017

Dyadic Security Raisesraises $12 Million in Series B Funding from Goldman Sachs Principal Strategic Investments, Citi Ventures and Innovation Endeavors
Stasi Turrell
Stasi Turrell edited on 16 Feb, 2022
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Article

In February 2015, the Company, under the previous name Dyadic Security, was awarded the Horizon 2020 SME Instrument Grant of €2M ($2.28M) and closed its first round of funding from Innovation Endeavors in the amount of $3M. In March 2017, the company received $12M Series B funding from Innovation Endeavors, Citi Ventures and Goldman Sachs. Unbound Security completed another $20M Series B funding in November 2020 with Evolution Equity Partners.

Timeline

February 18, 2015

Dyadic Security Wins €2M ($2.28M) Horizon 2020 SME Instrument Grant
Golden AI"Funding autocalculation"
Golden AI edited on 16 Feb, 2022
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Total funding amount (USD)
34,280,000
Total funding amount (USD)
37,280,000
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Golden AI"Funding autocalculation"
Golden AI edited on 16 Feb, 2022
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Total funding amount (USD)
35,123,300
Total funding amount (USD)
34,280,000
Golden AI"Found on funding round"
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Investors
Stasi Turrell
Stasi Turrell edited on 16 Feb, 2022
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Article

Unbound Security is an enterprise cryptography management and security solutions provider with offices in New York City and Petah Tikva, Israel. Unbound Security was founded in 2013 by Yehuda Lindell, an Australian-born cryptography expert and computer science professor at Bar-Ilan University in Israel, Professor Nigel Smart, a British cryptography expert, and Guy Peer, a software expert. The company’s Unbound CORE key management enterprise platform uses secure multi-party computation (MPC) and provides a unified, secure approach to key management across multiple environments and locations.

In February 2015, the Company, under the previous name Dyadic Security, was awarded the Horizon 2020 SME Instrument Grant of €2M and closed its first round of funding from Innovation Endeavors in the amount of $3M. In March 2017, the company received $12M Series B funding from Innovation Endeavors, Citi Ventures and Goldman Sachs. Unbound Security completed another $20M Series B funding in November 2020 with Evolution Equity Partners.

...

In November 2021, the company was acquired by Coinbase. Competitors include Cryptomathic, Zettaset and PrimeFactors. In early 2022, LinkedIn lists 30 employees for the company.

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Company status
Active
Location
Number of Employees (ranges)
20 – 49
Timeline

November 2021

Coinbase Acquires Cryptographic Security Firm Unbound

November 17, 2020

Unbound Tech Raises $20M In Series B Funding Led by Evolution Equity Partners

January 16, 2018

Dyadic Rebrands as Unbound

March 14, 2017

Dyadic Security Raises $12 Million in Series B Funding from Goldman Sachs Principal Strategic Investments, Citi Ventures and Innovation Endeavors

February 18, 2015

Dyadic Security Wins €2M Horizon 2020 SME Instrument Grant

February 18, 2015

Dyadic Closes $3M in First Round of Funding from Innovation Endeavors
Golden AI"Funding autocalculation"
Golden AI edited on 16 Feb, 2022
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Latest funding type
Total funding amount (USD)
35,123,300
Golden AI"update inverses"
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Golden AI"update inverses"
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Golden AI"update inverses"
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Golden AI"Found on funding round"
Golden AI edited on 16 Feb, 2022
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Golden AI"Found on funding round"
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Stasi Turrell
Stasi Turrell edited on 15 Feb, 2022
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Parent organization
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