Zama Raises $73M to Advance 'Fully Homomorphic Encryption' Technology
Thursday, 7 March 2024, 05:01
Zama Secures $73 Million for Innovating Privacy Solutions
The recent funding round led by Multicoin Capital and Protocol Labs has provided Zama with a significant boost to further its 'Fully Homomorphic Encryption' technology. FHE enables secure processing of encrypted data, offering enhanced privacy features for blockchain and AI applications. This investment showcases growing interest and confidence in Zama's innovative solutions within the tech sector.
- Key investors include Anatoly Yakovenko and Gavin Wood
- Technology crucial for blockchain and AI privacy
- Enhancing data security through encrypted data processing
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