Lorica

Lorica is a cybersecurity company founded in 2017, headquartered in Toronto, Canada, with offices in New York City. The company specializes in data privacy for AI and analytics through the use of Fully Homomorphic Encryption (FHE), a cryptographic technique that enables computation on encrypted data without decryption. The company's founding team began PhD research on high-performance FHE in 2012, and Lorica has since been granted over 20 patents related to FHE technology. In 2023, Lorica launched its flagship product, the Private Pursuit™ platform, which serves as a privacy layer for AI and data service providers. Lorica's technology enables secure data sharing and collaboration, allowing organizations to perform analytics and AI workloads on sensitive data while maintaining privacy. The company has worked with major financial institutions including RBC and CIBC on secure data sharing, and has been awarded a Government of Canada contract for secure information sharing. The company targets AI and data service providers that require privacy-preserving computation, with particular relevance to regulated industries such as finance and government. Lorica has established partnership agreements with ThinkOn and FedData Technology Solutions. Their technical advisory team includes academic and industry experts in cryptography and related fields, including Professor Chris Peikert from the University of Michigan.