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Duality Technologies, a leading provider of Privacy-Enhancing Technologies (PETs) based on Homomorphic Encryption (HE), today announced it has been awarded a $14.5M contract from the DPRIVE program. Under the contract with DARPA, Duality will lead a team developing a novel ASIC (Application-specific Integrated Circuit) - code named TREBUCHET - to accelerate computations using Fully Homomorphic Encryption (FHE), with the goal of making FHE cost-effective for even the most challenging high-value applications. FHE is an advanced cryptographic technique, widely considered the holy grail of encryption, which enables multiple users to process and glean insights on encrypted data while the data or models remain encrypted, preserving data privacy throughout the analytics process. This new hardware is crucial in helping data scientists cross the next frontier in FHE: the ability to train some of the most advanced machine learning (ML) models on encrypted data, enabling ....