Open source cryptography company Zama completed $73 million in Series A financing, led by Multicoin

Privacy-focused encryption company Zama has recently closed a substantial $73 million Series A funding round, with backing from industry heavyweights including Multicoin Capital and Protocol Labs, as well as Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, Filecoin founder Juan Benet, Solana co-founder Anatoly Yakovenko, and Ethereum and Polkadot co-founder Gavin Wood.

Zama's cutting-edge technology centers around fully homomorphic encryption (FHE), aiming to bolster data confidentiality and privacy for developers and users alike. With this latest injection of capital, Zama is set to further develop its FHE tools, with the ambitious target of achieving a thousand-fold increase in performance to support larger-scale applications. This funding marks a significant milestone in Zama's mission to empower developers to build privacy-protecting applications, and underscores the growing demand for robust encryption solutions in today's digital landscape.

相关推荐