Open-source cryptography company ZAMA has completed a Series A financing round of $73 million, led by MULTICOIN CAPITAL and PROTOCOL LABS. Other investors include METAPLANET, BLOCKCHANGE VENTURES, VSQUARED VENTURES, and STAKE CAPITAL. In addition, JUAN BENET, the founder of FILECOIN, ANATOLY YAKOVENKO, the co-founder of SOLANA, and GAVIN WOOD, the co-founder of Ethereum and Polkadot, also participated in the investment. ZAMA's technology focuses on fully homomorphic encryption (FHE) to enhance data confidentiality. The company plans to use this funding to continue developing its FHE tools with the goal of achieving a thousand-fold improvement in performance to support larger-scale applications.

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<p>Chinese open-source encryption company Zama, which helps developers build privacy-protecting applications, announced the completion of a $73 million Series A financing round. The round was led by Multicoin Capital and Protocol Labs, with participation from Metaplanet, Blockchange Ventures, Vsquared Ventures, Stake Capital, Filecoin founder Juan Benet, Solana co-founder Anatoly Yakovenko, and Ethereum co-founder and Polkadot co-founder Gavin Wood.</p>
<p>According to reports, Zama's technology focuses on fully homomorphic encryption (FHE) to enhance data confidentiality. The company plans to use this funding to continue developing its FHE tools, with the goal of achieving a thousand-fold improvement in performance to support larger-scale applications.</p>
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Open-source cryptography company ZAMA has raised $73 million in Series A funding, with participation from several well-known investment institutions.