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Encryption company Zama raised $57 million in Series B funding.
[Zama, a cryptocurrency company, raises $57 million in Series B funding] Zama is a pioneering encryption company providing fully homomorphic encryption for Blockchain (FHE). The company stated that it raised $57 million in a Series B funding round co-led by Blockchange Ventures and Pantera Capital. The team stated that this financing will bring Zama’s total capital raised to over $150 million, with a valuation exceeding $1 billion, making the company the first unicorn to participate in FHE.