ZAMA has completed a $73 million Series A financing round, led by MULTICOIN CAPITAL and PROTOCOL LABS.

Open-source cryptography company ZAMA has 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. ZAMA's technology focuses on fully homomorphic encryption (FHE) to enhance data confidentiality. The company plans to use this funding to further develop its FHE tools with the goal of achieving a thousand-fold performance improvement to support larger-scale applications.