NEW YORK , Nov. 21, 2018 /PRNewswire/ --– Unbound Tech today announced it received the Prime Minister's Award for Israeli Innovation. Recognizing its breakthrough innovation in digital security and privacy, the award was given by the Prime Minister's Office in partnership with the Israel Innovation Authority. Unbound, a pioneer in enabling practical application of secure multi-party computation (MPC), has developed the industry's first pure-software solution that protects secrets such as cryptographic keys, credentials or other private data by ensuring they never exist anywhere in complete form.
Unbound Tech accepted the award on October 24 in Jerusalem during the first-ever Prime Minister's Innovation Summit, an event initiated by the Culture and Sport Ministry and the Peres Center for Peace and Innovation. The event, attended by world leaders and global business executives, was part of the celebration of the 70th anniversary of the State of Israel.
Prime Minister Benjamin Netanyahu presented the award. Unbound Tech was one of three award recipients selected from more than 300 Israeli startups. Criteria included a company's global commercial potential, proof of product feasibility, social impact and the general impact on society.
"Unbound is honored to be recognized as a technology innovator offering an opportunity to transform how organizations approach digital trust," said Avner Mor, CEO at Unbound Tech. "The Prime Minister's Award for Israeli Innovation is a humbling mark of distinction that reflects the ingenuity of our co-founders and development teams. Unbound's technology stands as a true breakthrough, but it also serves as an enabler of further innovation for its users. It's that ability to influence what other companies can offer that positions Unbound as an unmistakable industry disruptor."
About Unbound Tech
Unbound Tech equips companies with the first pure-software solution that protects secrets such as cryptographic keys, credentials or other private data by ensuring they never exist anywhere in complete form. The Unbound Distributed Trust Platform stands as a new foundation for trust using secure multiparty computation to ensure secrets are always split into multiple shares and thereby eliminate any single point of compromise.
Adopted by Fortune 500 companies, Unbound's elastic and agile platform protects secrets on untrusted infrastructure and removes existing dependence on dedicated security hardware, delivering a novel approach to security and privacy designed for the digital era. Serving as an engine for uninhibited growth, it allows enterprises to gain new levels of control over their secrets on any cloud, server or endpoint, and opens new possibilities for digital innovation. Founded in 2014, Unbound has been recognized with numerous industry awards and named in multiple Gartner Hype Cycle Reports. Be Trusted. Be Unbound. Visit www.unboundtech.com.
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