NTRU Receives $11 Million Investment From Greylock Management and Sony Corporation; Greylock's Kaiser to Join NTRU Board of Directors. - Free Online Library
Summary
Business/Technology EditorsBOSTON--(BUSINESS WIRE)--April 10, 2000NTRU Cryptosystems, Inc. today announced it has received an equity investment of more than $11 million from a team of investors led by Greylock and Sony Corporation (ADR NYSE:SNE). "The need for public key security is moving from traditional enterprise applications to mass market consumer electronics devices, such as wireless telephones, portable music players and digital televisions," continued Crenshaw. ""NTRU is a truly innovative technology that uniquely meets the needs of the emerging market for delivering security to consumer electronics devices," said William S. Kaiser, general partner at Greylock. These properties dramatically reduce the risk of power analysis, timing attacks, and the danger of security breaches due to misplaced, lost, or intercepted keys. Developed by a team of Brown University mathematics professors, NTRU operates more than 100 times faster than competitive systems at equivalent security levels and is easily implemented even in low-cost hardware devices.