Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Open source cryptography company Zama completed $73 million in Series A financing, led by Multicoin Capital and others

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

CointimeCointime2024/03/07 07:10
By:Cointime

Zama, an open-source encryption company that helps developers build privacy-protecting applications, announced the completion of a $73 million Series A financing round. Multicoin Capital and Protocol Labs led the round, with participation from Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, Filecoin founder Juan Benet, Solana co-founder Anatoly Yakovenko, and Ethereum co-founder and Polkadot co-founder Gavin Wood.Zama's technology focuses on fully homomorphic encryption (FHE) to enhance data confidentiality. The company plans to use the funding to continue developing its FHE tools with the goal of achieving a thousand-fold increase in performance to support larger-scale applications.​​

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Donald Trump says 'I don't know much about' the TRUMP memecoin

Trump’s token became the fastest-growing memecoin in history, rocketing to a market cap of $13 billion.

The Block2025/01/22 00:00