French Startup Raises $73 Million for Blockchain, AI Privacy
- Firm develops a technology called homomorphic encryption
- Multicoin Capital and Protocol Labs led the series A funding
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Paris-based startup Zama has raised $73 million to further develop its cryptography technology aimed at enhancing data privacy for both blockchain and artificial-intelligence projects.
The Series A funding round was led by crypto venture fund Multicoin Capital and Filecoin creator Protocol Labs. Other investors include the Solana blockchain’s co-founder Anatoly Yakovenko and Metaplanet. The firm declined to disclose its valuation.