Zama has raised $57 million in a Series B funding round to expand its end-to-end encryption solutions for public blockchains, enabling developers to build secure, scalable, and compliant on-chain financial applications.
The company plans to use the funding to support its mainnet launch, ecosystem adoption, and research efforts to scale financial transactions using Fully Homomorphic Encryption (FHE) to thousands of transactions per second.
Zama’s Series B funding round, led by Blockchange Ventures and Pantera Capital, brings its total funding to $150 million and its valuation to $1 billion.
Zama’s FHE solutions are expected to benefit public blockchains and industries using cloud computing that require greater confidentiality and compliance, as it offers an innovative approach to data processing and encryption.