Zama Secures $57 Million, Achieves Unicorn Status in FHE Sector
Zama, a company specializing in fully homomorphic encryption (FHE) for blockchains, has raised $57 million in a Series B funding round co-led by Blockchange Ventures and Pantera Capital.
- Total capital raised exceeds $150 million
- Company valuation surpasses $1 billion, establishing it as the first unicorn in FHE
- Funding will support mainnet introduction, ecosystem growth, and research initiatives
- Zama's protocol enables developers to create encrypted decentralized applications (dapps) without extensive cryptographic knowledge
- Use cases include confidential stablecoin issuance, asset tokenization, and private identity verification
- Applications extend beyond blockchain to healthcare and defense sectors
Ken Seiff of Blockchange Ventures stated that Zama is commercializing transformative technology with significant implications for confidentiality in blockchain and cloud computing.
Zama previously raised $73 million in its Series A round led by Multicoin Capital and Protocol Labs.