Priya patelPrivacy-preserving technologies, such as cryptography, are expected to see significant growth and investment in the coming years. These technologies are being driven by a heightened awareness and demand for data privacy, as well as regulatory pressures and compliance requirements. Technological advancements and the increasing sophistication of cybersecurity threats are also contributing to the growth of these technologies. Investors are recognizing the long-term value and potential of privacy tech and are viewing it as a strategic investment. Key technologies to watch in the privacy space include Homomorphic Encryption, Differential Privacy, Federated Learning, and Zero-Knowledge Proofs. These technologies have the potential to reshape how we approach privacy and data security. Despite the challenges of balancing the potential of AI and big data with the need for privacy, the investments made in privacy-preserving technologies in 2023 are just the beginning of what is expected to be sustained and growing interest in the sector.
Deeptech investor and CEO at homomorphic encryption startup Zama, Dr Rand Hindi, believes that privacy-preserving technologies are about to have their “hockey-stick moment.” In an op-ed, Hindi discusses the growing demand for privacy-focused products and services, as well as the regulatory pressures and technological advancements driving investment in privacy tech. He also highlights key technologies to watch in the privacy space, including Homomorphic Encryption, Differential Privacy, Federated Learning, and Zero-Knowledge Proofs. Despite the challenges of balancing the potential of AI and big data with the need for privacy, Hindi believes that privacy-preserving technologies will continue to be a central focus in the deep tech space.
