Zama, a pioneer cryptography company totally in homomorphic encryption (FHE) For Blockchains, he said he raised $ 57 million in a round B series directed by blockchange ventures and capital panther.
The team said that the collection of funds pushes the total capital of Zama increased to more than $ 150 million and values it by more than $ 1 billion, which makes the company the first unicorn involved with the FHE.
Fully homomorphic encryption is a way to maintain private data even while using, which makes it especially valuable for confidential applications in Blockchain and IA. The financing, which occurs when the Zama public test network opens for use, will be allocated to the introduction of Mainnet, increasing its adoption of the ecosystem and research efforts.
The Zama protocol allows developers to build decentralized applications encrypted (DAPPS) No need for deep cryptographic experience. Use cases may vary from the confidential issuance of the stable and the tokenization of assets to the verification of private identity and the governance in the network states, according to a statement shared with Coindesk. It also has uses outside the blockchain environment, such as medical care and defense, where the secure calculation in encrypted data is increasingly crucial.
“Zama is marketing a completely new generational technology that could redefine how confidentiality is handled in the block chain and, ultimately, in all cloud computing,” said Ken Seiff, a co-administrator of Blockchenge Ventures, in the statement.
“This is our third and greater investment in Zama. Not since I saw Ethereum for the first time in 2014, I have seen a company that markets a completely new technology that could be so fundamental for our global technological infrastructure.”
The Zama Serie A round, in which it raised $ 73 million, was directed by Multicoin Capital and Protocol Labs.
Read more: the Zama cryptography firm raises $ 73 million for ‘totally homomorphic encryption’ applications
