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Zama Completes $57 Million Series B Financing, Co-Led by Blockchange Ventures and Pantera Capital
Summary: According to Coindesk, privacy-preserving encryption provider Zama has completed a $57 million Series B financing round, co-led by Blockchange Ventures and Pantera Capital. This funding round brings Zama's total capital raised to over $150 million, with a valuation exceeding $1 billion, making the company the first unicorn in the FHE space. Homomorphic encryption technology allows ...
According to Coindesk, privacy-preserving encryption provider Zama has completed a $57 million Series B financing round, co-led by Blockchange Ventures and Pantera Capital. This funding round brings Zama's total capital raised to over $150 million, with a valuation exceeding $1 billion, making the company the first unicorn in the FHE space.
Homomorphic encryption technology allows for privacy to be maintained throughout the data usage process, making it highly valuable in sensitive applications such as blockchain and artificial intelligence. This financing comes as Zama launches its public testnet, with the funds being used for mainnet release, expanding ecosystem applications, and deepening technical research.
The Zama protocol enables developers to build encrypted decentralized applications (dapps) without requiring extensive cryptographic expertise. Its use cases range from confidential stablecoin issuance and asset tokenization to private identity verification and governance in network states.
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Link: Zama Completes $57 Million Series B Financing, Co-Led by Blockchange Ventures and Pantera Capital [Copy]
