French open source cryptography company Zama today announced a $57 million Series B funding round co-led by Blockchange Ventures and Pantera Capital, bringing Zama’s total funding to over $150 million, and its valuation to north of a billion USD. Founded by Dr Pascal Paillier and Dr Rand Hindi, the company is building state-of-the-art Fully Homomorphic Encryption (FHE) solutions for blockchain. Fully homomorphic encryption (FHE) allows computations to be performed on encrypted data without needing to decrypt it first. This means that sensitive information can remain secure while still being processed, making it useful for applications like cloud computing and data analysis without exposing the underlying data. Its technology enables a broad range of use cases, from confidential finance to Web3 and network states. According to Hindi, the Series B round was structured to bring strategic blockchain investors into Zama’s ecosystem, focusing on partnership value rather than capital ahead of the launch of its mainnet and token. The timing of Zama’s announcement reflects the accelerating demand within the finance ecosystem for technologies that enable confidential, scalable, and compliant onchain financial applications.

Full report : Paris-based Zama, which is developing fully homomorphic encryption tech for blockchain and AI apps, raised a $57 million Series B at a $1 billion+ valuation.