Crypto VCs crown new unicorn as confidentiality startup Zama raises 57 million USD at 1 billion USD valuation

Zama secured 57 million USD in Series B funding, achieving unicorn status with a valuation exceeding 1 billion USD, supported by major investors like Pantera Capital.

Zama is pioneering fully homomorphic encryption (FHE) for secure on-chain calculations, enhancing privacy for blockchain transactions while maintaining transparency.

Zama plans to launch their technology on the Ethereum blockchain in July 2025, with expansions to Solana anticipated in 2026, aiming to integrate programmable confidentiality.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

More posts