Author Topic: Dust Identity secures $10M Series A to identify objects with diamond dust  (Read 1037 times)

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Online Elderberry

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Tech Crunch by Ron Miller 7/17/2019

The idea behind Dust Identity was originally born in an MIT lab where the founders developed the base technology for uniquely identifying objects using diamond dust. Since then, the startup has been working to create a commercial application for the advanced technology, and today it announced a $10 million Series A round led by Kleiner Perkins, which also led its $2.3 million seed round last year.

The company has an unusual idea of applying a thin layer of diamond dust to an object with the goal of proving that that object has not been tampered with. While using diamond dust may sound expensive, the company told TechCrunch last year at the time of its seed round funding that it uses low-cost industrial diamond waste, rather than the expensive variety you find in jewelry stores.

More: https://techcrunch.com/2019/07/17/dust-identity-secures-10m-series-a-to-identify-objects-with-diamond-dust/?yptr=yahoo