Zama Completes $57 Million Series B Funding Round, Led by Blockchange Ventures and Pantera Capital

BlockBeats News, June 26, according to Coindesk, fully homomorphic encryption provider Zama has completed a $57 million Series B financing round. Blockchange Ventures and Pantera Capital co-led this round, bringing Zama's total fundraising to over $150 million and valuing the company at over $1 billion, making it the first FHE unicorn company.

Fully homomorphic encryption technology can maintain privacy throughout the data usage process, making it extremely valuable in sensitive applications such as blockchain and artificial intelligence. This financing round coincides with the launch of Zama's public testnet, and the funds will be used for the mainnet release, expanding ecosystem applications, and deepening technical research.

The Zama protocol allows developers to build encrypted decentralized applications (dApps) without requiring deep encryption expertise. Its use cases are extensive, ranging from confidential stablecoin issuance and asset tokenization to network-state private identity verification and governance.