Funding: unknown amount;
Investor: Converge Venture Partners; 2016; Palo Alto
Enigma provides solution for protecting usage data. It allows sharing data with others for processing without actually giving it away. It ensures that data is guaranteed to be encrypted at all times, even when complex analytics functions are needed. Enigma combines Secure Multi-party Computation (MPC) with Blockchain Technology to enable this highly encrypted cloud platform that is built from a network of computers that can store private data and process it, without being able to see the data they are operating on. Core functions of privacy and security are layered on top of distributed cloud technology, as a result it is a dynamic combination that transforms how data is stored and retrieved; providing industries like finance, health, and civil services the platform for having a secure and trustworthy data. This can be further used for mobile application development in this domain.
Reference: http://www.enigma.com/