The fully homomorphic encryption network, Mind Network, has completed a Pre-A round of financing worth 10 million US dollars, with participation from investors such as Animoca Brands

PANews reported on September 29 that according to official news, the fully homomorphic encryption network Mind Network has announced the completion of a $10 million Pre-A round of financing. The main investors include Animoca Brands, Arkstream Capital, Cogitent Ventures, G Ventures, MH Ventures, Master Ventures, Moonhill Capital, SwissBorg Ventures and IBC Group. This round of financing also attracted well-known angel investors including Mike Silagadze CEO of Ether.fi and prominent figures in the crypto field such as Mario Nawfal , Mr Block and Kyle Chassé.

After this funding round, Mind Network plans to expand its business by integrating more pledge protocols and continue to release support for infrastructure. Users holding pledged assets from partner agreements can exchange vFHE on Mind Network and participate in FHE voting.

Mind Network is described as a Fully Homomorphic Encryption (FHE) layer for AI and POS networks. This layer accepts re-pledged tokens from ETH,BTC,and AI blue-chip tokens,and operates as an FHE verification network providing consensus,data,and cryptographic economic security for decentralized AI DePIN,EigenLayer,Symbiotic,and Babylon AVS among other POS networks.Mind Network has previously received support from Binance Labs Hashkey Big Brain Chainlink,and was funded by Ethereum Foundation due to its research on FHE on Ethereum.