Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Crypto chip company Ingonyama completed a $20 million seed round led by Walden Catalyst, the investor behind AI21 Lab

Crypto chip company Ingonyama completed a $20 million seed round led by Walden Catalyst, the investor behind AI21 Lab

CointimeCointime2023/11/10 03:30
By:Cointime

Cryptographic chip company Ingonyama has announced the completion of a $20 million seed round of funding, led by Walden Catalyst, the main investor of AI21 Lab, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global, and others. Many of the companies participating in this round heavily rely on zero-knowledge proof technology, including Israeli company StarkWare.

It is reported that Ingonyama's first chip is a programmable parallel computing processor similar to a GPU, but designed specifically for accelerating advanced encryption, specifically for zero-knowledge proofs and fully homomorphic encryption. While the chip is being prepared, the company is collaborating with GPU to develop open-source software that efficiently runs the same cryptography.

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

Crypto liquidations hit $1B as traders were ‘unprepared for bad news’

More than $1 billion has been liquidated in the crypto market over the past 24 hours as market participants were caught off guard by the strong momentum for crypto over the past 30 days. However, the analyst suggests the market downturn may be short-lived. “We’ve had such a bullish narrative over t

Bitget Academy2024/12/20 06:06

$SHIRO (CTO) Donates $1,000 USDT to the Neiro Foundation

A crypto collaboration to support animal welfare and global causes

CyrptoRo2024/12/20 05:33