TechFlow reports that Zama, an open-source cryptography company helping developers build privacy-preserving applications, has announced the completion of a $73 million Series A funding round led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, as well as Juan Benet (Filecoin founder), Anatoly Yakovenko (Solana co-founder), and Gavin Wood (Ethereum co-founder and Polkadot co-founder).
Zama's technology focuses on fully homomorphic encryption (FHE), aimed at enhancing data confidentiality. The company plans to use the funds to further develop its FHE tools, targeting a 1000x performance improvement to support large-scale applications.
Add to Favorites
Share to Social Media
