Observed Signal · Oct 30, 2024 · Partnership · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Optalysys and Duality Partner to Advance Fully Homomorphic Encryption
Leeds-based compute startup Optalysys has partnered with Duality Technologies, a provider of privacy-preserving software, to accelerate the adoption and commercial viability of Fully Homomorphic Encryption (FHE). FHE is a quantum-resistant encryption method that allows data to be processed without being decrypted, enabling secure collaboration over untrusted networks and in multi-party environments. The partnership will integrate Optalysys' cloud technology, Explore, into Duality's software products and the open-source OpenFHE library. The companies aim to reduce the specialist skills and computing power historically required for FHE deployments, targeting industries such as healthcare and finance. Executives from both firms highlighted the potential to automate FHE deployment and make privacy-preserving data processing more accessible across the broader ecosystem.
The partnership advances privacy-enhancing encryption technology that can enable secure multi-party data collaboration, with potential applications in privacy-compliant advertising data processing and clean rooms.
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Key Takeaways & Evidence Grounding
- Optalysys and Duality Technologies announced a partnership to accelerate Fully Homomorphic Encryption (FHE) adoption.
- The partnership integrates Optalysys' Explore cloud technology into Duality's products and the OpenFHE library.
- FHE enables encrypted data to be processed without decryption, supporting secure multi-party data collaboration.
- The initiative targets industries including healthcare and finance to make FHE more commercially viable.
- Optalysys is a Leeds-based compute startup; Duality Technologies is a provider of privacy-preserving software.
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