TechFlow news — On April 3, DEPIN+AI project Privasea announced the completion of a strategic private funding round, with participation from OKX Ventures, Laser Digital (majority-owned by Nomura Group), and Tanelabs, an incubator backed by SoftBank.
Privasea provides AI-driven data security solutions, leveraging Fully Homomorphic Encryption (FHE) as its core technology. It collaborates with Zama to apply FHE in machine learning (or AI) applications. Additionally, the team has built a decentralized computing network to deliver powerful and scalable computational resources. They also plan to integrate their AI network with BNB Greenfield, a decentralized storage blockchain, enabling users to store their data in a distributed manner with enhanced flexibility and control.
Previous report: Privasea raised $5 million in a seed round led by Binance Labs and others.
