Dust Identity, a Framingham, MA-based security tracking solution for hardware authentication and asset protection, raised $10m in Series A funding.
The round was led by Kleiner Perkins with participation from Airbus Ventures, Lockheed Martin Ventures, New Science Ventures, Angular Ventures, and Castle Island Ventures.
The company intends to use the funds to accelerate product development and engineering, continue to fuel global go-to market strategy and deployment, and grow the customer base across industries.
Established in 2018 and led by Ophir Gaathon, CEO, Jonathan Hodges, VP of Engineering, and Dirk Englund, Board Member, Dust Identity is the creator of the Diamond Unclonable Security Tag (DUST), a technology solution utilizing nanoengineered diamonds to create an unclonable identity layer on any object. The supply chain system ensures that trusted data and verifiable products are used and traced across their full lifecycle.
Since launching from stealth in 2018, MIT spinoff 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.