Zama Raises $73M in Series A Funding to Develop Fully Homomorphic Encryption Applications for Blockc

Zama, a company based in London that specializes in open source cryptography, has recently raised an impressive $73 million in Series A funding. This funding round was led by Multicoin Capital and Protocol Labs, with several other investors also participating. The main goal of this investment is to support the hiring of skilled engineers, software developers, and cryptography researchers. These new team members will be responsible for maintaining the company's open-source libraries and developing a new class of Fully Homomorphic Encryption (FHE) applications.

Zama's technology has the capability to support a wide range of use cases, including confidential smart contracts, encrypted machine learning, and privacy-preserving cloud applications. Additionally, the company is actively developing tailored solutions for specific industries such as artificial intelligence, healthcare, financial services, and governmental security.

What sets Zama apart is not only its innovative technology, but also the diverse and highly qualified team of individuals behind it. The company boasts a team of over 75 professionals from 22 different countries, with half of them holding PhDs in their respective fields. This diverse and expertise-driven team is set to drive the company's success as it continues to push the boundaries of open source cryptography.

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