Framingham MA based startup DUST Identity announced it raised new funding to expand on its unbreakable security format
The startup announced it has raised $10 million in Series A funding from Kleiner Perkins which lead the funding in this round. Supporting investors in this round includes Airbus Ventures, New Science Ventures, Angular Ventures, Lockheed Martin Ventures, and Castle Island Ventures.
“Today’s global value chains are facing new threats and challenges, and key stakeholders are recognizing that DUST Identity is the leading solution to truly protect the integrity of their supply chains,” said Ophir Gaathon, DUST Identity CEO and Co-founder, in a statement. He adds that the company wants to build trust in their clients supply chains.
“There is a lot of stress today on current controls, and in some areas, organizations and their 3PLs are simply missing tools. In our view, the lack of trusted physical identity to parts and products is at the heart of a wide range of issues. We want to empower people with the ability to trust things by having a secure binding between data to the physical objects. Maintaining the integrity of the data is vital, but it is not enough. We need to extend the trust into the products.”
DUST Identity, launched in 2018, created the Diamond Unclonable Security Tag, or DUST, a technology which uses nanoengineered diamonds to create an unclonable identity layer on any object across its full lifecycle.