Mind The Tech NY 2024Chain Reaction: Revolutionizing the convergence of AI and security
Mind The Tech NY 2024
Chain Reaction: Revolutionizing the convergence of AI and security
Alon Webman
(Photo: Calcalist)
Company name: Chain Reaction
Presenter full name: Alon Webman
Position: Co-founder and CEO
Field of business: Privacy technology/GenAI, ML
Founders: Alon Webman, Oren Yokev
Company description: Chain Reaction is revolutionizing privacy of cloud infrastructure by accelerating the convergence of AI and security. Our dedicated 3PU™ privacy processor is optimized to address the challenges that impede the widespread deployment of GenAI and ML solutions by computing on encrypted data.
Year founded: 2019
Funding round: Series C
Amount raised to date: $115 million
Investors: Morgan Creek Capital Management, Black Rock. Hanaco Ventures, JVP, KCK, Exor, Atreides Management and BlueRun Ventures
Number of employees: 105
Chain Reaction was part of the Israeli startup squad that participated in Calcalist's Mind The Tech NY 2024 conference. Calcalist's "TeamNY" included early-stage startup companies in the fields of AI & Data, Fintech & Retail, Cyber, Media & Entertainment, Healthtech, and Greentech. The startups joined the official delegation in its journey to New York and took part in discussions at the event, presenting their companies to senior executives from the U.S. and international tech industries.
