Multicoin Capital and Protocol Labs led a $73 million raise for a new cryptography startup which aims to make the “entire internet encrypted end-to-end.”
French cryptography startup Zama is moving forward with ambitious plans to enable computation on encrypted data without decryption by securing $73 million in a Series A funding round.
Led by major industry investors Multicoin Capital and Protocol Labs, the raise aims to promote the use of Zama’s Fully Homomorphic Encryption (FHE) technology, CEO Rand Hindi announced on March 7.
Described by Hindi as the “holy grail of cryptography,” Zama’s FHE aims to make data privacy a standard feature on the internet while still enabling information processing in operations like cloud computing.
