Open source cryptography company Zama completed $73 million in Series A financing, led by Multicoin Capital and others
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.
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.
You may also like
Ethereum Power Struggle: Buterin vs The Community Voice
Unmasking the Tug of Power: Vitalik Buterin's Lone Decision-Making Steering Ethereum Foundation Amidst Pending Leadership Reforms
Analytics Company Put Forwarded New Argument: “Whales May Be Preparing For Entry In This Altcoin”
According to cryptocurrency analytics firm CryptoQuant, whales may be preparing to enter a surprise altcoin.
Swiss Bank Managing $5.7 Trillion Launches Joint Gold Initiative with Surprise Altcoin
According to the latest information, Switzerland's largest bank has entered into a surprise gold joint venture with an altcoin. Here are the details.
Who holds Ethereum ETFs? Complete list of institutional holders in the 13F filings
The total inflow of ETH ETFs reached $2.73 billion, while Grayscale's outflows exerted downward pressure. SEC filings show that institutional investment levels in Ethereum ETFs vary.
Trending news
MoreCrypto prices
More
