TechFlow News — Semiconductor company Ingonyama has announced the completion of a $20 million seed funding round led by Walden Catalyst, with participation from Geometry, BlueYard Capital, Samsung Next, Sentinel Global, and others. Notably, several participating firms have products heavily reliant on zero-knowledge proof technology, including Israel-based StarkWare.
Ingonyama's first chip is a GPU-like programmable parallel computing processor designed to accelerate advanced cryptography, particularly zero-knowledge proofs and fully homomorphic encryption. Prior to the chip's availability, the company is collaborating with GPU platforms to develop open-source software capable of efficiently running these same cryptographic techniques.
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