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We are excited to share that Unbound Security was included in not one but five Gartner Hype Cycles this year:
- Gartner Hype Cycle for Identity and Access Management Technologies (Multiparty Computing)
- Gartner Hype Cycle for Privacy (Multiparty Computing)
- Gartner Hype Cycle for Data Security (Multiparty Computing)
- Gartner Hype Cycle for Blockchain Technologies (Multiparty Computing)
- Gartner Hype Cycle for Cloud Security (KMaaS)
Unbound Security was also listed as a Sample Vendor in the same Hype Cycles in 2017 (excluding Blockchain Technologies).
Each year, Gartner comes out with their Hype Cycle report series, which provide a graphic representation of the maturity and adoption of technologies and applications, and how they are potentially relevant to solving real business problems and exploiting new opportunities. Gartner Hype Cycle methodology gives a view of how a technology or application will evolve over time, and are intended as a research tool for industry leaders and have a well-known reputation for predicting cycles of adoption for emerging technologies.
Cryptographers first developed Multiparty Computing, or Multi-Party Computation (MPC) in the 1980s as a way to allow mutually distrustful parties to perform a joint computation on their individual inputs without having to reveal their data to one another. While MPC has been a theoretical possibility for some time, Unbound Security delivers the first enterprise-grade application of Multi-Party Computation (MPC) to ensure pure-software secrets protection with unprecedented level of security. Unbound implements MPC to create and use the fragmented secret without ever unifying it, in a method mathematically proven to be impossible to a breach or hack of any single location. According to the Gartner Hype Cycles, “MPC-based solutions offer new methods to ensure scalable, private and secure data processing and sharing” for use cases such as encryption key management, IoT security, blockchain, cloud computing and more.
“It’s an honor to once again be named as a sample vendor in this latest Gartner Hype Cycle Report,” said Avner Mor, CEO at Unbound Security. “Our Fortune 500 customers consistently praise our uniquely powerful use and efficient implementation of Multi-Party Computation (MPC) as an engine of innovation as well as security. Unbound’s software-defined cryptography is a true enabler of growth that opens up whole new worlds of opportunity for enterprises seeking to harness the power of data as well as protect it.”
As physical and virtual worlds intersect, the need to address a growing number of security, privacy and compliance challenges that are restricting innovation increases significantly. Infrastructure must be freed from physical constraints, so it can align, rather than conflict with our current digital reality. At the heart of Unbound, formerly known as Dyadic Security, lie sophisticated applications of Multi-Party Computation (MPC), developed by Unbound’s co-founders, Professor Yehuda Lindell and Professor Nigel Smart, world-renowned cryptographers. MPC offers a mathematical guarantee of security that allows Unboundto secure assets beyond physical boundaries. For the first time, cryptographic keys (or any other digital secret) are never exposed throughout their lifecycle, from edge to cloud and anywhere in between, without any reliance on dedicated hardware – making crypto easy, user-friendly, cost-effective and more secure. Some of the world’s most successful Fortune 500 enterprises with the highest security and privacy requirements turn to Unbound for its breakthrough solutions.
The Hype Cycle is copyrighted 2009 by Gartner, Inc. and/its affiliates and is reused with permission. Hype Cycles are graphical representations of the relative maturity of technologies, IT methodologies and management disciplines. They are intended solely as a research tool, and not as a specific guide to action. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.