Zama Raises $57M, Becomes First Unicorn Involved With Fully Homomorphic Encryption

Zama, a leader in fully homomorphic encryption (FHE) for blockchains, has raised $57 million in a Series B funding round, co-led by Blockchange Ventures and Pantera Capital, bringing its total funding to over $150 million and achieving unicorn status with a valuation exceeding $1 billion. This technology allows sensitive data to remain private while in use, applicable in blockchain, AI, healthcare, and defense. The funding will support the launch of Zama's mainnet and expand its ecosystem, with significant potential to transform data confidentiality in cloud computing and beyond. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: CoinDesk