Event Details

• What: “CryptoLab Unpack Summit 2024,” where the company will reveal its FHE-based services.
  

• When: October 16, 2024 (local time).
  

• Where: Marriott Downtown Hotel, Salt Lake City, Utah, USA.
  

• Who’s invited: Global leaders and researchers in cryptography and data science, including virtual participants.

What Will Be Revealed

CryptoLab plans to demonstrate multiple security technologies built upon its 4th-generation CKKS-based Fully Homomorphic Encryption (FHE). This technology enables arithmetic operations such as addition and multiplication directly on encrypted data—without decrypting it. It’s being praised for secure processing in sectors like medical and finance, where data protection is vital. 

Key showcases include:

• “HEaaN” (혜안) — CryptoLab’s flagship CKKS product.
  

• Multi-party encrypted statistical analysis — enabling collaborative analytics while preserving encryption.
  

• Encrypted image classification and biometric recognition — performing AI tasks like face recognition on encrypted data.
  

• Encrypted LLM-based private AI demos — showcasing how large language models can run within encrypted environments.

Company Background & Milestones

• Founded in 2017 by Prof. Jung Hee Cheon of Seoul National University’s Department of Mathematical Sciences, CryptoLab holds foundational patents in homomorphic encryption.
  

• Pioneers of the 4th‑generation CKKS HE technology, they commercialized it into the HEaaN library—the first example in Korea of taking pure math theory into a commercial product incubated at SNU’s Industrial Math Center.
  

• In 2022, they secured around ₩21 billion (~USD 15–17 million) in funding from Stonebridge Ventures, Altos Ventures, and Kiwoom Investment.
  

Benefits & Technical Breakthroughs

• Unlike standard encryption that must be decrypted before use—exposing data to breaches—FHE keeps data encrypted during use, eliminating that vulnerability.
  

• CryptoLab tackled major performance challenges: while earlier HE schemes were thousands-fold slower, their optimized CKKS “HEaaN” approach delivers near real-time performance on general-purpose CPUs—no need for expensive GPUs.
  

• This enables encrypted computation even on mobile or low-power IoT devices, eliminating friction between security and performance.
  

Why This Matters

• Allows true ‘encryption-first’ security, ensuring data remains opaque—even during use—ideal for sensitive domains like healthcare, finance, and biometrics.
  

• Demonstrates that homomorphic encryption can now operate efficiently and practically in real-time, making it enterprise-ready.
  

In Summary

CryptoLab is bringing its HEaaN platform, powered by CKKS-based Fully Homomorphic Encryption, to Salt Lake City. It will unveil real-time encrypted analytics, AI, biometrics, and LLM demos—no decryption needed. Standout features include CPU-ready performance, strong partnerships (including IBM, LG U+, Naver Cloud, and Macrogen), and potential ISO standardization. It marks a major step toward mainstream adoption of encrypted computation technologies.