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BitDegree 2024-03-07 13:29:51

Zama's Encryption Technology Attracts $73 Million Investment

Key Takeaways Zama raised $73 million in Series A funding, led by Multicoin Capital and Protocol Labs, to advance its FHE technology. FHE technology, described by the CEO as the "holy grail of cryptography," aims to process encrypted data without decryption, enhancing internet privacy. Since its inception in 2020, Zama has attracted major clients, including Shiba Inu.

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