Zama's $73M Funding Boost for Privacy Protection

Zama, a Paris-based cryptography firm, has secured a hefty $73 million in Series A funding to advance its fully homomorphic encryption (FHE) technology. Led by Multicoin Capital and Protocol Labs, the funding round includes notable investors like Solana's Anatoly Yakovenko and Ethereum's Gavin Wood. Zama's FHE technology allows data to be processed without decryption, offering enhanced privacy protection in blockchain and AI applications. With plans to expand its team and develop new FHE applications, Zama is poised to lead the charge in data privacy innovation.