No Result
View All Result
  • Private Data
  • Membership options
  • Login
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHubHOT
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Home FINTECH

Paris-based Zama raises €67 million Series A to build privacy-preserving blockchain and AI

EU Startupsby EU Startups
March 7, 2024
Reading Time: 3 mins read
in FINTECH, FRANCE, VENTURE CAPITAL
Share on FacebookShare on Twitter

Zama, an open-source cryptography company building state-of-the-art FHE solutions to protect privacy in blockchain and AI, today announced a €67 million Series A round led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, VSquared, and Stake Capital, as well as blockchain pioneers Juan Benet (founder of Filecoin), Anatoly Yakovenko (co-founder of Solana), and Gavin Wood (co-founder of Ethereum and co-creator of Polkadot).

The funds will be used to hire talented engineers, software developers, and researchers in cryptography to maintain its open-source libraries, and collaborate with strategic partners to develop a new class of Fully Homomorphic Encryption (FHE) applications.

As demand for robust data protection grows internationally, businesses and organizations need a way to protect consumer data without compromising its utility. FHE provides a novel encryption technique that makes it possible to compute over encrypted data for the first time, revolutionizing what’s possible with data privacy for organizations, governments and consumers alike. Over the course of four years, Zama has built a suite of open source cryptographic libraries and solutions that make FHE readily available to developers to build privacy-preserving applications.

“We envision a world where data privacy isn’t an afterthought, but rather guaranteed by design. With the support of our investors, our talented team, and over 3,000 developers in our community, we can make FHE and privacy synonymous and ubiquitous,” said Rand Hindi, CEO of Zama. “This funding gives us the resources to add to the best and brightest cryptography minds we already have on the team, while also continuing to advance the state of the art of what’s possible in data privacy. Our investors, Multicoin and Protocol Labs in particular, lend valuable experience as we bring FHE to market in the blockchain sector.”

Zama has been at the vanguard of FHE innovation since its inception in 2020. To date, the company has secured multi-million dollar deals in the blockchain and AI space, and has successfully released four cutting-edge FHE solutions. The company’s most recent solution, fhEVM, is the first confidential smart contract protocol for EVM blockchains. Using FHE, the fhEVM enables on-chain state and transaction data to remain end-to-end encrypted during processing, addressing the core data privacy challenge in blockchain.

“FHE is the most important foundational cryptographic primitive for the next decade of computing. Zama’s technology is the key to build multiplayer, privacy-preserving applications,” commented Kyle Samani, Managing Partner of Multicoin Capital. “Zama’s groundbreaking work on open source FHE tooling is only the beginning. We are proud to help them build the next generation of crypto-enabled, privacy-first applications.”

In addition to addressing data privacy challenges in the blockchain industry, Zama is also building bespoke solutions in the artificial intelligence, healthcare, financial services, and governmental security industries.

“The potential for FHE in both blockchain confidentiality and AI privacy is massive,” added Pascal Paillier, CTO of Zama. “Being able to share our tools with people who are passionate about the same mission is an incredible privilege, something that has only been possible thanks to continuous support, resources and knowledge provided by our investors and community.”

Zama’s team is made up of over 75 individuals from 22 different nationalities, drawn from the fields of cryptography, machine learning, and blockchain technology. Half of the team hold PhDs in their respective fields and are passionate about ensuring data privacy.

– Advertisement –

Read the orginal article: https://www.eu-startups.com/2024/03/paris-based-zama-raises-e67-million-series-a-to-build-privacy-preserving-blockchain-and-ai/

Gateways to Italy

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

Gateways to Italy – Offer your services to funds and investors willing to explore opportunities in Italy. Become a partner!

by Partner
June 6, 2023

Sign up to our newsletter

SIGN UP

Related Posts

FRANCE

Data4 develops first liquid cooled deployment at Marcoussis campus

June 7, 2025
FRANCE

White & Case advises Mirova on investment in Solveo Energies

June 7, 2025
FINTECH

Wirex Pay Joins Stellar Ecosystem to Power Next-Gen Stablecoin Solutions

June 6, 2025

ItaHub

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Italy’s SMEs export toward 260 bn euros in 2025

Italy’s SMEs export toward 260 bn euros in 2025

September 9, 2024
With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

With two months to go before the NPL Directive, in Italy the securitization rebus is still to be unraveled

April 23, 2024
EU’s AI Act, like previous rules on technology,  looks more defensive than investment-oriented

EU’s AI Act, like previous rules on technology, looks more defensive than investment-oriented

January 9, 2024

Co-sponsor

Premium

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

Funds vying for management consulting firm BIP, a CVC portfolio company. All deals in the sector

March 6, 2025
Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

Private equity, Italy 2024 closes with 588 deals as for investments and divestments from 549 in 2023. Here is the new BeBeez’s report

February 10, 2025
Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

Crypto-assets supervision rules in Italy, Banca d’Italia will supervise payment systems and Consob on market abuse

November 4, 2024
Venture capital investments top €1.3bn in 208 rounds as of Sep30  in Italy. They were €1.5 in all 2023. The new BeBeez Report

Venture capital investments top €1.3bn in 208 rounds as of Sep30 in Italy. They were €1.5 in all 2023. The new BeBeez Report

October 28, 2024
Next Post

Debitos launches innovative subscription service for transaction advisors

London-based fintech Nuke From Orbit raises €585k pre-seed to deliver smarter smartphone security

EdiBeez srl

C.so Italia 22 - 20122 - Milano
C.F. | P.IVA 09375120962
Aut. Trib. Milano n. 102
del 3 aprile 2013

COUNTRY

Italy
Iberia
France
UK&Ireland
Benelux
DACH
Scandinavia&Baltics

CATEGORY

Private Equity
Venture Capital
Private Debt
Distressed Assets
Real Estate
Fintech
Green

PREMIUM

ItaHUB
Legal
Tax
Trend
Report
Insight view

WHO WE ARE

About Us
Media Partnerships
Contact

INFORMATION

Privacy Policy
Terms&Conditions
Cookie Police

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • COUNTRY
    • ITALY
    • IBERIA
    • FRANCE
    • UK&IRELAND
    • BENELUX
    • DACH
    • SCANDINAVIA&BALTICS
  • PRIVATE EQUITY
  • VENTURE CAPITAL
  • PRIVATE DEBT
  • DISTRESSED ASSETS
  • REAL ESTATE
  • FINTECH
  • GREEN
  • PREMIUM
    • ItaHub
      • ItaHub Legal
      • ItaHub Tax
      • ItaHub Trend
    • REPORT
    • INSIGHT VIEW
    • Private Data
Subscribe
  • Login
  • Cart