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Dust Identity

Needham, US · Founded 2018 · 25 employees on LinkedIn · 6 known investors

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Noubar Afeyanunlockedknows Ophir Gaathon · together at MIT - RLE - Quantum Photonics Lab (overlapped)
knows the team · via MIT - RLE - Quantum Photonics Lab
×7knows the team · via Columbia University
×3knows the team · via MIT Media Lab

Dust Identity develops physical identity solutions using diamond-based technology to authenticate and trace high-value products and components across supply chains. The company serves customers requiring product authentication and anti-counterfeiting capabilities in defense, aerospace, semiconductor, and industrial sectors.

Also known as DUST · DUST Identity

Founders & leadership

Dust Identity was founded in 2018 by Ophir Gaathon and Dirk Englund.

OGOphir Gaathon
Ophir GaathoninCo-Founder, CEOCo-founder and CEO of Dust Identity, which develops physical authentication solutions for high-value products and components in aerospace, defense, and industrial supply chains.
DE
Dirk EnglundCo-founder
JH
Jonathan Hodges

Board

IFIlya Fushman
Ilya Fushmanin𝕏Board directorPartner at KPCB

Investors · 6

Funding

SEC filings, press & company announcements

$52.4M disclosed across 2 of 5 rounds · 2018–2023

$12.4MraisedJul 2019 · 12 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Ophir GaathonExecutive Officer, Director
  • Dirk EnglundExecutive Officer, Director
  • Ilya FushmanDirector
Offering amount
$12.4M
Amount sold
$12.4M
First sale
Jul 2019
Incorporated
Corporation, Delaware
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Company profile

researched Aug 2026

Dust Identity develops an object authentication and traceability system built on the Diamond Unclonable Security Tag (DUST), a marker made from engineered diamond dust (nanodiamonds) applied to a physical item. The randomly arranged diamond particles form a constellation that is read by an optical scanner, producing an identifier that the company describes as discreet, durable and clone-proof. Each physical identity is bound to a digital record that accumulates data over the object's lifetime, creating an anchored digital thread used to track an item's pedigree and provenance from manufacture through use and resale.

The company positions the technology across aerospace and defense, general supply chain, secure electronics, premium retail and spirits, jewelry, sports and entertainment memorabilia, and fine art. Stated use cases include reducing manual paperwork and data-entry errors on aerospace assets, verifying that cargo has not been compromised and identifying who has handled it, tracking component-level provenance and tamper detection for critical electronics, anti-counterfeiting for luxury brands, binding jewelry hallmarks to a digital twin, controlling game-used and team-issued sports merchandise, and detecting forgeries in artwork. Packaged offerings referenced on the company's site include raw material traceability, certified pre-owned programs, return fraud detection, security labeling and packaging, high-value asset identity, and fraud detection, delivered through the DUST Identity Platform.

The diamond dust used is described as an inexpensive industrial byproduct rather than a luxury material, which the company frames as making the marker affordable to scale. Its solution has been built using SAP HANA Cloud.

Business model

Dust Identity supplies a physical marking material together with optical reading and a software platform that maintains the digital record for each marked object, sold to brands, manufacturers and organizations across regulated and high-value industries. Named productized programs include raw material traceability, certified pre-owned, return fraud detection, security labeling and packaging, and high-value asset identity.

Traction

After emerging from stealth in 2018, the company reported launching several pilot programs and doubling headcount by the time of its 2019 Series A. Publicly referenced deployments include the New England Patriots for memorabilia authentication, Mad Arts as the first museum to use the solution, and a partnership with Oxygen Esports for game-used merchandise. The company raised $40 million in Series B funding in December 2023.

Latest developments

In December 2023 the company closed a $40 million Series B and launched a mobile, on-demand authentication product line together with an Oxygen Esports partnership. Subsequent activity includes Mad Arts becoming the first museum to deploy the solution and coverage in Retail Today's 2024 Security and Loss Prevention edition on the use of product transparency and authenticity in retail loss prevention.

Full profile — market position, technology, go-to-market, geography, history

Market position

Dust Identity competes in physical-object authentication and anti-counterfeiting, positioning its diamond-dust marker against other identity and tagging solutions on the basis of being unclonable, covert and durable. It has raised backing from strategic and institutional investors including Kleiner Perkins, Airbus Ventures, Lockheed Martin, Amex Ventures, 8VC and Castle Island Ventures.

The company differentiates on a physical marker that it says cannot be cloned or manipulated, is discreet enough to preserve product design integrity, withstands harsh operating environments, and uses diamond dust sourced as an inexpensive industrial byproduct, all bound to a persistent digital record rather than a static label or code.

Technology

The core technology, originally developed at MIT, is the Diamond Unclonable Security Tag: engineered diamond dust particles that settle into a unique constellation when applied to an object and are read by an optical scanner to authenticate the item. The company cites unclonable diamond-dust constellations, covert security features, durability in harsh environments, and anywhere data access. Each marker is tied to a digital record or digital twin that evolves across the object's lifecycle, and the platform has been built using SAP HANA Cloud.

Go-to-market

The company sells directly through demo requests on its website and works through partners and channel relationships, including security label maker Securikett, services provider Secure Bits, and SAP, whose Chief Partner Officer has cited the company as a partner building on SAP technology. Proceeds from the Series A were designated for expanding the customer base, product development and engineering, and go-to-market efforts.

Brands, manufacturers, OEMs and institutions in aerospace and defense, supply chain and logistics, secure electronics, premium and luxury retail including spirits, jewelry, sports and entertainment, and art, as well as government agencies. Sectors cited in press coverage include automotive, consumer electronics, luxury goods, utilities and cosmetics. Named users and partners include the New England Patriots, Mad Arts museum, Oxygen Esports and Securikett.

Geography

Headquartered in the Boston, Massachusetts area, with offices listed at 85 Wells Ave, Newton, MA, and an R&D facility in Princeton, New Jersey.

History

The Diamond Unclonable Security Tag technology was originally developed at MIT. DUST Identity launched out of stealth in 2018 with a $2.3 million seed round backed by Kleiner Perkins, Lockheed Martin, Airbus Ventures and others, followed by a $10 million Series A announced in 2019 and a $40 million Series B in December 2023 led by Castle Island Ventures. Alongside the Series B the company introduced a mobile authentication product line and a partnership with Oxygen Esports.

Compiled by commissioned research from 6 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Total disclosed fundingDec 2023$40M

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Non-dilutive funding · 4 SBIR/STTR awards

Federal grants — no equity taken
AgencyPhaseYearAmount
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase II2014$1M
National Institutes of Health (NIH)National Institutes of HealthPhase I2014$288.6K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2014$100K
Defense Advanced Research Projects Agency (DARPA)Defense Advanced Research Projects AgencyPhase I2012$150K

Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.

Timeline · 6

launches, deals, and filings
Jan 2024
Mad Arts becomes first 'Dusted' museum

Mad Arts announced it is the first museum to deploy DUST Identity's solution, applying an unclonable, digitally linked fingerprint to each one-of-a-kind artwork in its exhibits.

source ↗

Dec 2023
Dust Identity raises $40M Series B led by Castle Island Ventures

Dust Identity raised $40 million in Series B funding led by Castle Island Ventures with participation from Amex Ventures, Kleiner Perkins, Airbus Ventures and 8VC, to be used in part to activate authentic game-used merchandise programs.

$40M source ↗

Dec 2023
Partnership with Oxygen Esports

Dust Identity signed a partnership with Oxygen Esports, described as one of North America's largest multi-title esports organizations, to use its new mobile authentication solution.

source ↗

Dec 2023
Mobile product line for on-demand object authentication

Dust Identity introduced a mobile product line providing on-demand authentication that reinforces authenticity for physical objects of value by enhancing traceability and visibility of an object's origin.

source ↗

Jan 2019
DUST Identity announces $10M Series A

The company announced a $10 million Series A, to be used to expand its customer base, build out product development and engineering teams, and fund go-to-market efforts. It had launched several pilot programs and doubled headcount since emerging from stealth.

$10M source ↗

Jan 2018
DUST Identity launches out of stealth with $2.3M seed round

The company emerged from stealth with a $2.3 million seed funding round, with support from Kleiner Perkins, Lockheed Martin, Airbus Ventures and other investors.

$2.3M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 6

primary sources listed

6 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Dust Identity do?
Dust Identity applies engineered diamond dust to physical objects to create unclonable identity markers linked to digital records.
Who founded Dust Identity?
Dust Identity was founded by Ophir Gaathon, Dirk Englund in 2018.
Who are Dust Identity's investors?
Dust Identity's investors include Angular Ventures, F-Prime Capital, Grit Ventures, New Science Ventures, Kleiner Perkins, Lockheed Martin Ventures.
How much funding has Dust Identity raised?
Dust Identity has disclosed $52.4M raised across 2 of its 5 known rounds.
Where is Dust Identity headquartered?
Dust Identity is headquartered in Needham, US.