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Zama completes $57 million Series B funding, becoming the first unicorn in the field of fully homomorphic encryption.
On June 26, according to reports from 【Block Rhythm】, fully homomorphic encryption provider Zama has completed a $57 million Series B funding round, co-led by Blockchange Ventures and Pantera Capital. This round of financing will bring Zama’s total capital raised to over $150 million and its valuation to over $1 billion, making the company the first unicorn to participate in FHE.
Fully homomorphic encryption technology can maintain privacy throughout the data usage process, making it highly valuable in sensitive application areas such as blockchain and artificial intelligence. This financing coincides with the launch of Zama’s public testnet, and the funds obtained will be used for mainnet release, expanding ecosystem applications, and deepening technological research.
The Zama protocol allows developers to build encrypted decentralized applications (dapp) without requiring deep expertise in encryption. Its use cases are wide-ranging, from confidential stablecoin issuance and asset tokenization to private identity verification and governance in a network state.