DUST

DUST Identity Raises Series A Led by Kleiner Perkins with Backing from Airbus Ventures and Lockheed Martin

$10M in New Capital to Support Company Momentum & Product Demand

Framingham, MA, July 17, 2019 DUST Identity, pioneers of the first diamond unclonable security tag for supply chain security and end-to-end tracking, today announced $10 million in Series A funding led by Kleiner Perkins including strategic investors Airbus Ventures and Lockheed Martin Ventures. New Science Ventures, Angular Ventures, and Castle Island Ventures also participated in the round.

The funding comes on the heels of significant company momentum. Since launching from stealth in 2018, DUST Identity has engaged and deployed pilot programs with some of the world’s leading technology and consumer electronics brands as well as government organizations. Traction has spanned industries including automotive, luxury goods, cosmetics as well as oil, gas and utilities. The investment will be used to accelerate product development and engineering, continue to fuel global go-to market strategy and deployment, and grow the customer base across industries.

“At a time when there is a growing trust gap between manufacturers and suppliers, DUST Identity’s diamond particle tag provides a better solution for product authentication and supply chain security than existing technologies,” said Ilya Fushman, partner, Kleiner Perkins.  “Following our seed investment in the company last year, we are delighted to lead the Series A.”

In 2019, DUST Identity reached several other key milestones including induction into the prestigious MIT Startup Exchange STEX25 and partnering with SAP to provide a blockchain interface to the physical world. The company also announced the appointment of Edna Conway, a global IT innovator, to its advisory board, was named a BostInno Startup to Watch and a BuiltIn Boston Startup to Watch, and it doubled employee headcount.

“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, CEO and Co-founder, DUST Identity. “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’s approach to digital and physical security is robust and unique, both unclonable and future-flexible. As a result, DUST Identity’s use cases span applications across a wide variety of both industries and steps in the supply chain. Providing part traceability, securing cargo, and connecting the digital twin to the physical asset, all call for new innovative tools to link data to things,” said Thomas d’Halluin, Managing Partner, Airbus Ventures, “As a new means of creating secured and trusted data, DUST Identity’s solution can ultimately directly support blockchain and alternate frontier software platforms – and thus we’re particularly excited that DUST Identity represents one of the first solutions that can bridge the physical/digital trust divide.”

“The supply chain is critical for any production line, and the ability to confidently verify components is vital to that line and the customers who depend on the final product,” said Chris Moran, vice president and general manager of Lockheed Martin Ventures. “Investing in DUST Identity’s technology offers the potential to enhance the verification and traceability process for all parts at multiple tiers in the supply chain.”

DUST Identity offers the only unclonable and uncompromisable security tracking solution for hardware authentication and asset protection. The technology addresses a growing challenge of businesses and organizations experiencing vulnerabilities and security disruptions as their global value chains become more digital and dynamic. Use cases span industries and sectors and include data center security, raw material traceability, hardware component integrity and counterfeit luxury goods.

The product, Diamond Unclonable Security Tag (DUST), is an inexpensive, invisible and easy-to-apply coating of tiny diamonds that allow a manufacturer or enterprise to combine high-security authentication with full lifecycle tracking that traces down to the component level. An optical scanner and cloud-based infrastructure provides an interface to the object identity and provenance.

About DUST Identity

DUST Identity is the creator of the Diamond Unclonable Security Tag (DUST), a technology utilizing nanoengineered diamonds to create an unclonable identity layer on any object. DUST Identity is the only supply chain solution that ensures that trusted data and verifiable products are used and traced across their full lifecycle. DUST Identity, established in 2018 and headquartered in Framingham, was created by a team of quantum physics, nanotechnology and cyber experts. The company is an MIT spinoff, participated in several DARPA programs and is backed by Kleiner Perkins with participation from Airbus Ventures, Lockheed Martin Ventures, New Science Ventures, Angular Ventures and Castle Island Ventures.  Learn more via www.dustidentity.com and follow us on LinkedIn and Twitter.

About Kleiner Perkins

For five decades, Kleiner Perkins has partnered with some of the most ingenious founders in technology, helping them make history with their bold ideas. Through 19 venture funds and four growth funds, we’ve invested $9 billion in over 900 companies, including pioneers such as Amazon, Genentech, and Google. Today, Kleiner Perkins continues to invest in founders and their bold ideas helping them to make history. For more information, visit http://www.kleinerperkins.com and follow us on Twitter @kleinerperkins.

Media Contact

Nicole Canulla

ncanulla@dustidentity.com

617.645.6160

Nicole CanullaDUST Identity Raises Series A Led by Kleiner Perkins with Backing from Airbus Ventures and Lockheed Martin

DUST Identity Announces Partner Status with SAP

DUST Identity Joins SAP® PartnerEdge® Program “Build” Model; Announces Availability of its Solution on SAP Cloud Platform Blockchain Service

Framingham, MA — May 6, 2019DUST Identity today announced that it has joined the SAP® PartnerEdge® program, and that the DUST Ledger is now available on SAP Cloud Platform Blockchain service. The solution enables the association of digital records with physical items and global traceability, ultimately providing full transparency into its lifecycle, provenance and chain-of-custody.

“As products and data flow through global supply chains, it is vital to ensure a trusted binding between physical and digital domains,” said Ophir Gaathon, CEO and co-founder, DUST Identity. “As part of the SAP PartnerEdge program, DUST Identity brings a unique approach for scalable and secure linking of items to the SAP blockchain solution. We are extremely excited to join forces with SAP, a leader in innovation, to build personalized solutions, create value and to make trust a priority for businesses that use SAP solutions.”

The DUST Ledger is a cloud-run service which can be linked with the data records of products, parts, and components to assure that records uniquely match with the corresponding physical assets, no matter how big or small. The Hyperledger Fabric service built on SAP Cloud Platform adds a layer of blockchain security to the immutable record of assets as they pass through the supply chain. As part of SAP PartnerEdge program, DUST Identity is providing customized and disruptive solutions to address the need for trusted binding between the digital and the physical domains.

To learn more about DUST Identity’s solution on the SAP Cloud Platform Blockchain service, please visit the SAP App Center

DUST Identity will also be exhibiting and showcasing its technology during the SAP Global Partner Summit on May 6, 2019.  

About DUST Identity

DUST Identity is the creator of the Diamond Unclonable Security Tag (DUST), a proprietary technology utilizing nanoengineered diamonds to create an unclonable identity layer on any object. DUST Identity is the only supply-chain solution that ensures the provenance of parts and associated data with a secure physical-digital binding. DUST Identity, established in 2018 and headquartered in Framingham, MA, was created by a team of quantum physics, nanotechnology and cyber experts. The company is an MIT spinoff, participated in several DARPA programs and is backed by Kleiner Perkins with participation from New Science Ventures, Angular Ventures and Castle Island Ventures.  Learn more via www.dustidentity.com and follow us on LinkedIn and Twitter.

Media Contact
Nicole Canulla
ncanulla@dustidentity.com
617.645.6160

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Eric SharretDUST Identity Announces Partner Status with SAP

DUST Identity Names Global Risk and Security Leader Edna Conway to Advisory Board

Framingham, MA, April 24, 2019 DUST Identity, pioneers of the world’s first diamond unclonable security tag, today announced the appointment of Edna Conway, a global IT innovator to its advisory board. Conway brings over 30 years of experience in developing and leading strategies that improve security and resilience throughout global value chains.

“The key to protecting our digital economy and ensuring the integrity of the global value chain is to build a secure third-party ecosystem,” said Conway. “DUST Identity’s solution can serve as a ‘birth certificate’ for hardware and complements value chain security solutions currently on the market. I am excited to join the company’s advisory board and look forward to helping the team advance its technology and continue its momentum.”

The concern of threats targeting vulnerabilities in the supply chain for both enterprise and government computing systems has never been higher. According to a recent Crowdstrike report surveying 1,300 senior IT decision-makers and IT security professionals, 87 percent had suffered a supply chain attack even after implementing a full defensive strategy or having a pre-planned response in place. Additionally, almost 90 percent of respondents believed they were at risk for a supply chain attack.

“We are honored to welcome Edna, an accomplished executive, a thought leader and a value chain security expert, to our advisory board,” said Ophir Gaathon, CEO and cofounder, DUST Identity. “Our nation, government agencies and commercial enterprises are increasingly at risk, and the stakes are extremely high.  Edna is at the forefront of value chain innovation and leveraging her perspective and experience will help enhance DUST Identity’s momentum to ensure integrity across complex supply chains, improve overall security and build trust.”

DUST Identity offers the first-ever unclonable, and uncompromisable security tracking solution for hardware authentication and asset protection. The technology addresses a key pain point for businesses experiencing new vulnerabilities and security disruptions as their global value chains become more digital and dynamic.  As products and data flow, it is vital to ensure a trusted binding between physical and digital domains.

Following seed funding led by Kleiner Perkins in 2019, DUST Identity has accelerated the research and development of its advanced, proprietary technology. Simultaneously, DUST Identity is accelerating business development opportunities and deploying a variety of strategic POCs with global organizations. Earlier in 2019, DUST Identity was named a BostInno Startup to Watch, a BuiltIn Boston Startup to Watch and inducted into the prestigious MIT Startup Exchange STEX25.

About Edna Conway

Edna Conway

As Cisco’s Chief Security Officer, Global Value Chain, Conway creates clear strategies for secure operating models in the digital economy. She drives a comprehensive security architecture across third party ecosystems, for which she is recognized domestically (U.S. Presidential Commissions) and globally (NATO). Her insight is featured in a range of publications, analyst reports, and case studies, including Forbes, Fortune, Bloomberg, CIO Magazine and the Wall Street Journal. Recognition of her industry leadership includes membership in the Fortune Most Powerful Women community, and awards including: RSA CSO of the Year, Fed 100 Award, Stevie “Maverick of the Year Award,” Connected World Magazine “Machine to Machine & IOT Trailblazer” Award, an SC Media Reboot Leadership Award, the New Hampshire Tech Professional of 2018 Award.

About DUST Identity

DUST Identity is the creator of the Diamond Unclonable Security Tag (DUST), a proprietary technology utilizing nanoengineered diamonds to create an unclonable identity layer on any object. DUST Identity is the only supply-chain solution that ensures the provenance of parts and associated data with a secure physical-digital binding. DUST Identity, established in 2018 and headquartered in Boston, was created by a team of quantum physics, nanotechnology and cyber experts. The company is an MIT spinoff, participated in several DARPA programs and is backed by Kleiner Perkins with participation from New Science Ventures, Angular Ventures and Castle Island Ventures.  Learn more via www.dustidentity.com and follow us on LinkedIn and Twitter.

Media Contact
Nicole Canulla
ncanulla@dustidentity.com
617.645.6160

Jonathan HodgesDUST Identity Names Global Risk and Security Leader Edna Conway to Advisory Board

TechCrunch: This startup got $2.3M to identify physical objects using diamond dust

TechCrunch’s Ron Miller wrote about DUST Identity’s solution and potential to transform how we track the integrity of items as they move through a supply chain:

Imagine coating an expensive part with a layer of diamond dust the width of a human hair, capturing its light pattern as a unique identifier, then storing that identifier in a traditional database or on the blockchain. That’s precisely what Dust Identity, a Boston-based startup is trying to do, and today it got $2.3 million in seed money led by Kleiner Perkins with participation from New Science Ventures, Angular Ventures, and Castle Island Ventures.

Visit TechCrunch for the full article here.

Jonathan HodgesTechCrunch: This startup got $2.3M to identify physical objects using diamond dust

SecurityWeek: DUST Identity Emerges From Stealth to Protect Device Supply Chain

SecurityWeek, a trusted source for internet and enterprise security news, has featured DUST Identity’s launch.  From the article:

DUST, an anagram for ‘diamond unclonable security tag’, has developed a method to ensure the provenance and integrity of any object. Its purpose is to protect the physical supply chain from manufacture to installation, and during continued use. In essence, a very tiny spray of diamond particles is applied to any surface. The pattern created is random but unique to each object. This is scanned and recorded, and becomes the object’s fingerprint. Any physical attempt to tamper with the object disturbs the fingerprint and becomes known.

Please visit SecurityWeek for the entire article here.

Jonathan HodgesSecurityWeek: DUST Identity Emerges From Stealth to Protect Device Supply Chain

DUST Identity Announces Seed Round Led by Kleiner Perkins

DUST Identity Introduces the First-Ever Unclonable End-to-End Solution Based on Nano-Diamonds for Supply-Chain Security and Transparency

Boston, MA, November 14, 2018 – DUST Identity, pioneers of the world’s first diamond unclonable security tag, launched out of stealth today to announce it has secured $2.3 million in seed funding led by Kleiner Perkins, with participation from New Science Ventures, Angular Ventures, and Castle Island Ventures. The investment will be used to accelerate the research and development of its advanced, proprietary technology and product line-up, accelerate business development opportunities, and to double headcount over the next twelve months.

DUST Identity offers the first-ever unclonable, and uncompromisable security tracking solution for hardware authentication. The startup, born at the MIT, developed its core technology under a DARPA funded program into a commercial product and enterprise solution for modern supply-chain security and manufacturing. DUST Identity was founded by Ophir Gaathon, PhD, Jonathan Hodges, PhD, and Dirk Englund, PhD, and its technology was developed to address a key pain point for businesses experiencing new vulnerabilities and security disruptions as their global supply chains became more complex and dynamic.

“DUST Identity is introducing a scientifically-backed solution for supply chain management fit for mission-critical enterprises – from military defense to automation to healthcare – who prioritize security first, but also want tools that are cost-efficient and easy to deploy,” said Ilya Fushman, General Partner at Kleiner Perkins. “DUST Identity’s technology is truly cutting-edge and we’re excited to partner with this unique team of scientists, engineers and technologists.”

The product, Diamond Unclonable Security Tag (DUST), is an inexpensive, invisible and easy-to-apply coating of tiny diamonds that allow a manufacturer or enterprise to combine high-security authentication with full lifecycle tracking that traces down to the component level. An optical scanner and cloud-based infrastructure provides an interface to the object identity and provenance.

“What we’ve built is a game changer for supply-chain security,” said Ophir Gaathon, CEO and Co-founder, DUST Identity. “Lack of hardware integrity can have a devastating impact on many levels, and our goal is to elevate the entire business operations ecosystem with more accountability and transparency. We help Enterprises and Governments to prevent hardware tampering and data breaches, improve suppliers trust, and modernize supply chain data management. Compared to other technologies such as RFID, holograms or barcodes, our proprietary solution is significantly more secure, durable, agile, customizable and cost effective.”

DUST Identity is working with some of the U.S. government’s biggest agencies as well as leading technology leaders in supply chain and business operations including SAP to ensure the integrity of critical assets. The company’s holistic approach to verifiable provenance is an essential piece of the integrity solution.

Noted industry expert, Edna Conway, Chief Security Officer of Cisco’s Value Chain shared that “Our digital economy is enabled by technology leveraging a global value chain. Ensuring the integrity of that value chain is key to our future.”

About DUST Identity

DUST Identity is the creator of the Diamond Unclonable Security Tag (DUST), a proprietary technology utilizing nanoengineered diamonds to create an unclonable identity layer on any object. DUST Identity is the only supply-chain solution that ensures that trusted data and verifiable products are used and traced across their full lifecycle. DUST Identity, established in 2018 and headquartered in Boston, was created by a team of quantum physics, nanotechnology and cyber experts. The company is an MIT spinoff, participated in several DARPA programs and is backed by Kleiner Perkins with participation from New Science Ventures, Angular Ventures and Castle Island Ventures.  Learn more via www.dustidentity.com and follow us on LinkedIn and Twitter.

 

About Kleiner Perkins
For five decades, Kleiner Perkins has partnered with some of the most ingenious founders in technology and life sciences, helping them make history with their bold ideas.Through twenty venture funds and four growth funds, we’ve invested $10 billion in hundreds of companies including pioneers such as Amazon, Genentech and Google. Today, Kleiner Perkins continues to invest in founders and their bold ideas helping them to make history. For more information, visit http://www.kleinerperkins.com and follow us @kpcb.

 

Media Contact

Nicole Canulla

ncanulla@dustidentity.com

617.645.6160

Jonathan HodgesDUST Identity Announces Seed Round Led by Kleiner Perkins

DUST Identity invited to SAP Blockchain Symposium

Ophir Gaathon, CEO and co-Founder of DUST Identity will be speaking at the SAP Enterprise Blockchain Symposium on September 5th, 2018 in Palo Alto, CA. He will be discussing how DUST Identity leveraged SAP’s Blockchain-as-a-Service (BaaS) to store transaction information within a private blockchain for SAP customers.

More details about the event can be found here.

Jonathan HodgesDUST Identity invited to SAP Blockchain Symposium

DUST Identity teams with Codex Protocol

Codex Protocol, a decentralized title registry for unique assets, and DUST IDENTITY, which is a provider of a diamond-based secure solution to link physical objects with digital ledgers, are partnering to link Codex Records with their respective physical assets by creating a unique & unclonable signature using nanotechnology.

Read the press release here.

Jonathan HodgesDUST Identity teams with Codex Protocol