The Good Tech Companies - Zama Raises $57M In Series B To Bring End-to-End Encryption To Public Blockchains

Episode Date: June 25, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/zama-raises-$57m-in-series-b-to-bring-end-to-end-encryption-to-public-blockchains. Zama Raises $57M in Series B to Bring End-to-End Encryption to Public Blockchains Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #crypto-wallet-encryption, #chainwire, #press-release, #blockchain-development, #blockchain-security, #blockchain-adoption, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Zama raises $57 million in Series B to bring end-to-end encryption to public blockchains, by Chainwire. Paris, Zug, France, Switzerland, June 25, 2025, Chainwire with new backing by leading US blockchain investors, Zama becomes the world's first fully homomorphic encryption, FHE, Unicorn. Funding coincides with the announcement of the Zama becomes the world's first fully homomorphic encryption, FHE, unicorn. Funding coincides with the announcement of the Zama protocol, which enables confidential applications on any blockchain. From July 2025, developers can start building FHE applications on Zama's public testnet. Zama, the open-source cryptography company building state-of-the-art fully homomorphic encryption, FHE, solutions for blockchain, announced a $57 million Series B funding round

co-led by US-based investment firms BlockChange Ventures and Pantera Capital, bringing Zama's total funding to over $150 million, and its valuation to north of a billion USD. The new funding will support Zama's main-end launch, ecosystem adoption, Andre search efforts to make financial applications built with FHE scaled to thousands of transactions per second. The timing of Zama's announcement reflects the accelerating demand within the finance ecosystem for technologies that enable confidential, scalable, and compliant on-chain financial applications.

Greater than, with this latest raise, Zama becomes the world's first unicorn in the FHE greater than space, which is a major milestone for the industry. Reaching a $1 billion greater than valuation represents a significant increase that reflects the market's greater than confidence in our FHE technology and our team's ability to deliver greater than confidentiality to financial applications on-chain," said Dr. Rand Hindy, CEO and greater than co-founder of Zama. The funding coincides with the announcement of Zama's confidential blockchain protocol and its public testnet in July 2025, enabling developers to build confidential applications through Zama's FHE VM, with support for other EVM chains in Solana

to follow. Ken Seif, co-managing partner of BlockChange Ventures, said, "'Greater than, not since I first saw Ethereum in 2014, have I seen a company commercializing greater than an entirely new technology that could be as foundational to our global greater-than-technology infrastructure. As finance moves on-chain and regulations tighten greater than globally, public blockchains are likely to be the first beneficiaries of what greater than Zama is building. But the opportunity goes well beyond that, as industries greater than such as healthcare,

defense, and virtually all others that use cloud greater than computing could massively benefit from the step change in confidentiality and greater than compliance pioneered by FHE, and in particular, Zama. Greater than, Zama's FHE protocol launch is a cryptography milestone. By enabling greater than efficient, developer-friendly FHE, Zama unlocks secure, compliant, and greater than verifiable DApps for AI, crypto, and cloud, said Paul Verididicate, managing partner at Pantera. The protocol paves the way for on-chain identity, greater than financial and consumer applications,

previously out of reach for developers. Zama's FHEVM makes it possible to run confidential smart contracts on encrypted data, guaranteeing both confidentiality and composability. Blockchain-native confidentiality unlocks several use cases. On-chain finance. Zama enables financial institutions to securely use public blockchains for a range of applications, including confidential stablecoin issuance and payments, asset tokenization, compliance, and more.

Confidential tokens. The ability to keep balances and amounts encrypted on-chain enables blockchain companies to distribute tokens confidentially. Investors, team members and other token holders no longer have to publicly disclose their ownership, allowing them to better manage their portfolio and reduce the risk of being targeted by hackers. Identity and proof of humanity. The ability to distinguish between humans and AI in on-chain applications is essential to the security of on-chain finance. With the Zama protocol, application developers can verify whether a user is human, without disclosing their identity publicly. Network States. Zama enables on-chain communities in network states to operate confidentially. From currency to identity, governance and registries,

it now becomes feasible to run key infrastructure on public blockchains. Zama will use the fresh funding to advance the field of FHE and further commercialize its accessibility to blockchain applications and beyond. Zama IS actively addressing the core challenges that have historically held back FHE adoption. Speed. At current benchmarks, Zama's FHE technology is 100x faster than when the company was founded and is now capable of supporting most on-chain payment use cases. Zama is expecting its technology to be 100x more scalable within the next five years, allowing it to address the most demanding on-chain applications.

Hardware integration. Using GPUs enables Xama to scale to hundreds of transactions per second. Xama is working towards a dedicated hardware accelerated chip to advance FHE performance, with the ultimate goal of reaching tens of thousands of transactions per second. Developer usability. Using Xama doesn't require learning new programming languages. Instead, developers can use Solidity and other existing languages, and deploy their applications on their preferred chain.

Greater than, this round also underscores a broader shift. Confidentiality is no longer a greater than niche concern, it's a foundational requirement. The broad adoption of greater than blockchain in finance is driving demand for secure, confidential computing greater-than-technologies, said Hindy. About Zama Zama is an open-source cryptography company building state-of-the-art FHE solutions for blockchain. Its technology enables a broad range of use cases, from confidential finance to Web3 and network states.

Zama was founded by Dr. Pascal Pellier and Dr. Rand Hindy, and has the largest research team in homomorphic encryption. To learn more about Zama, users can visit https://www.zama.i, contactpr and coms lead Fabiana Forney Zamafabiana. Forney at Zama, AI This Story was published as a press release by Chainwire under HackerNoon's business blogging program. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.