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Zama, cryptographic society pioneering fully homomorphic encryption (FHE) For Blockchains, he said he had won $ 57 million in the bike of the B series, which he worked on by Blockchange Ventures and Pantera Capital.
The team said Fundraise is pushing the total capital to more than $ 150 million and appreciates it to more than $ 1 billion, making the company the first unicorn involved in FHE.
Fully homomorphic encryption is a way to keep private data, even when used, so it is particularly valuable for sensitive applications in blockchain and AI. The financing that comes when the public test opens, it will go to the Mainnet introduction, will increase the acceptance of the ecosystem and research efforts.
The Zama protocol allows developers to build encrypted Decentralized applications (Dapps) without the need for deep cryptographic expertise. According to a statement shared with coindesk, cases of use may range from confidential issuance and tokenization of assets after private identity verification and verification of private identity and management in network states. It also has use outside the blockchain environment, such as health care and defense, where the safe calculation of encrypted data is increasingly important.
“It is commercializing a completely new generation technology that could redefine how confidentiality is processed in a blockchain, and ultimately in all cloud computing,” Ken Seiff, a cooperating partner of Blockchange Ventures, said in a statement.
“This is our third and biggest investment in Zam. Not since I first saw Ethereum in 2014, I have seen a company commercializing a completely new technology that could be the basis of our global technological infrastructure.”
Be Series and bikeIn which she received $ 73 million, he led multicoin capital and protocol laboratories.
