Optalysys partnership news – Leeds-based Optalysys has Partnered with Duality Technologies
Oct 30, 2024 | By Kailee Rainse
Leeds-based startup Optalysys has teamed up with Duality Technologies, a company that creates privacy-protecting software, to promote Fully Homomorphic Encryption (FHE). This partnership aims to make FHE easier to use and more practical in industries like healthcare and finance.
SUMMARY
- Leeds-based startup Optalysys has teamed up with Duality Technologies.
- Duality's innovative technologies solve the problem of balancing data protection with business growth.
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FHE is a cutting-edge encryption method that lets data be processed while still encrypted meaning it stays secure even when shared over untrusted networks. This opens up new possibilities for handling sensitive data in the cloud.
However using FHE has been tough because it requires specialized skills and powerful computing resources. To solve this, the partnership will combine Optalysys' cloud technology, Explore, with Duality's software and the OpenFHE open-source library. This will help make FHE more accessible for users.
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Dr Nick New, CEO of Optalysys, commented: “FHE is a truly revolutionary technology that has the power to unlock the true value of data, whilst maintaining privacy and security. Duality is one of the world leaders in privacy-enhancing data collaboration and has an established and successful history working within financial services and government sectors. Currently, the building of FHE models requires a high level of cryptographic expertise. We need to get to a point where deployment of FHE is an automated process, part of the fabric of the internet. The development of OpenFHE has been a significant step towards this and allows all the FHE methods to be hosted from a single, open source platform. Our goal is to provide an agnostic acceleration technology to benefit all FHE methods and libraries.”
Dr Kurt Rohloff, Co-founder and CTO of Duality Technologies, added: “Partnering with Optalysys is an exciting step forward in making FHE solutions more accessible and scalable for real-world applications. We both strongly believe in the power of open-source solutions and standards. By integrating Optalysys’ cloud technology with our software products and OpenFHE, we aim to drive transparency and flexibility across the ecosystem, which will enable the wider adoption of FHE.”
About Duality
Duality's innovative technologies solve the problem of balancing data protection with business growth. Their Data Analytics and AI platform uses advanced encryption, hardware, and machine learning to keep sensitive data safe while it’s being used.
About Optalysys
Optalysys is creating a secure computing environment by using light to enhance data security. Their optical computing technology speeds up Fully Homomorphic Encryption (FHE), making secure data sharing and collaboration possible for everyone, everywhere.