INSUBCONTINENT EXCLUSIVE:
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
Ventures, New Science Ventures, Angular Ventures and Castle Island Ventures also participated in the round
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.As CEO and co-founder Ophir Gaathon told
identity and security for objects
investors Airbus and Lockheed Martin shows that big industrial companies see a need for advanced technology like this in the supply chain
objects, where they store the Dust Identity identifier on the blockchain
days for the company, it has attracted attention from a broad range of investors and intends to use the funding to continue building and
expanding the product in the coming year
To this point, it has implemented pilot programs and early deployments across a range of industries, including automotive, luxury goods,
cosmetics and oil, gas and utilities.
