Latest news with #FHE
Yahoo
26-06-2025
- Business
- Yahoo
Zama secures $57m for blockchain encryption technology
Zama, a French cryptography company specialising in fully homomorphic encryption (FHE) solutions, has secured $57m (€48.4m) in a Series B funding round. The funding, co-led by Blockchange Ventures and Pantera Capital, brings Zama's total funding to more than $150m and its valuation to more than $1bn. Zama said that the funding coincides with the launch of its confidential blockchain protocol and its public testnet. These allow developers to build confidential applications on Ethereum via Zama's FHEVM, with plans to support other Ethereum Virtual Machine chains and Solana by 2026. The Zama Protocol enables the creation of confidential decentralised applications (dapps) without requiring cryptography knowledge. Blockchange Ventures co-managing partner Ken Seiff said: 'This is our third and largest investment in Zama. Not since I first saw Ethereum in 2014, have I seen a company commercialising an entirely new technology that could be as foundational to our global technology infrastructure. 'As finance moves onchain and regulations tighten globally, public blockchains are likely to be the first beneficiaries of what Zama is building. But the opportunity goes well beyond that, as industries such as health care, defence, and virtually all others that use cloud computing could massively benefit from the stepchange in confidentiality and compliance pioneered by FHE, and in particular, Zama.' Zama CEO Rand Hindi said: 'We believe that ultimately most blockchain transactions will need to be confidential. Our mainnet is coming, and this testnet gives developers early access to FHE so they can start building and exploring this technology for these applications. 'This round also underscores a broader shift: confidentiality is no longer a niche concern—it is a foundational requirement. The broad adoption of blockchain in finance is driving demand for secure, confidential computing technologies.' Zama's FHEVM facilitates the execution of confidential smart contracts on encrypted data, ensuring confidentiality and composability. The blockchain-native confidentiality opens up use cases, such as secure public blockchain utilisation by financial institutions for confidential stablecoin issuance, asset tokenisation, and compliance. Zama's technology allows blockchain companies to distribute tokens confidentially, keeping balances and amounts encrypted onchain. It also ensures that investors and token holders can manage their portfolios without publicly disclosing ownership, reducing the risk of hacker targeting. Additionally, the Zama Protocol enables application developers to verify user identity without public disclosure, enhancing onchain finance security. Zama's funding will advance FHE technology and its commercialisation for blockchain applications. The company said it is addressing FHE adoption challenges, such as speed, with its technology now 100 times faster than at inception and capable of supporting most onchain payment use cases. Zama aims to make its technology 100 times more scalable within five years. To enhance FHE performance, Zama is integrating hardware solutions, including GPUs, to scale transactions per second. The company is also developing a hardware-accelerated chip to handle tens of thousands of transactions per second. "Zama secures $57m for blockchain encryption technology " was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
26-06-2025
- Business
- Yahoo
Zama Raises $57M, Becomes First Unicorn Involved With Fully Homomorphic Encryption
Zama, a cryptography company pioneering fully homomorphic encryption (FHE) for blockchains, said it raised $57 million in a series B round co-led by Blockchange Ventures and Pantera Capital. The team said the fundraise pushes Zama's total capital raised to over $150 million and values it at over $1 billion, making the firm the first unicorn involved with FHE. Fully homomorphic encryption is a way of keeping data private even while it's being used, making it especially valuable for sensitive applications in blockchain and AI. The funding, which comes as Zama's public testnet opens for use, will go toward the mainnet introduction, growing its ecosystem adoption, and research efforts. The Zama protocol allows developers to build encrypted decentralized applications (dapps) without needing deep cryptographic expertise. Use cases can range from confidential stablecoin issuance and asset tokenization to private identity verification and governance in network states, according to a statement shared with CoinDesk. It also has uses outside the blockchain environment, such as health care and defense, where secure computation on encrypted data is increasingly crucial. 'Zama is commercializing an entirely new generational technology that could redefine how confidentiality is handled in the blockchain and, ultimately, in all of cloud computing,' Ken Seiff, co-managing partner of Blockchange Ventures, said in the statement. 'This is our third and largest investment in Zama. Not since I first saw Ethereum in 2014, have I seen a company commercializing an entirely new technology that could be as foundational to our global technology infrastructure.' Zama's series A round, in which it raised $73 million, was led by Multicoin Capital and Protocol Labs. Sign in to access your portfolio
Business Insider
25-06-2025
- Business
- Business Insider
Zama Raises $57M in Series B to Bring End-to-End Encryption to Public Blockchains
Paris, Zug, France/Switzerland, June 25th, 2025, Chainwire Zama Raises $57M in Series B to Bring End-to-End Encryption to Public Blockchains With new backing by leading U.S. blockchain investors, 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 U.S.-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 mainnet launch, ecosystem adoption, and research efforts to make financial applications built with FHE scale 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 onchain financial applications. 'With this latest raise, Zama becomes the world's first unicorn in the FHE space, which is a major milestone for the industry. Reaching a $1 billion valuation represents a significant increase that reflects the market's confidence in our FHE technology and our team's ability to deliver confidentiality to financial applications onchain' said Dr Rand Hindi, CEO and 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 FHEVM, with support for other EVM chains and Solana to follow. Ken Seiff, Co-Managing Partner of Blockchange Ventures, said: 'Not since I first saw Ethereum in 2014, have I seen a company commercializing an entirely new technology that could be as foundational to our global technology infrastructure. As finance moves onchain and regulations tighten globally, public blockchains are likely to be the first beneficiaries of what Zama is building. But the opportunity goes well beyond that, as industries such as health care, defense, and virtually all others that use cloud computing could massively benefit from the stepchange in confidentiality and compliance pioneered by FHE, and in particular, Zama.' "Zama's FHE protocol launch is a cryptography milestone. By enabling efficient, developer-friendly FHE, Zama unlocks secure, compliant, and verifiable dApps for AI, crypto, and cloud,' said Paul Veradittakit, Managing Partner at Pantera. 'The protocol paves the way for onchain identity, 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: Onchain 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 onchain 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 onchain applications is essential to the security of onchain finance. With the Zama Protocol, application developers can verify whether a user is human, without disclosing their identity publicly. Network States: Zama enables onchain communities and 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 onchain 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 onchain applications. Hardware integration: Using GPUs enables Zama to scale to hundreds of transactions per second. Zama 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 Zama doesn't require learning new programming languages. Instead, developers can use Solidity and other existing languages, and deploy their applications on their preferred chain. 'This round also underscores a broader shift: confidentiality is no longer a niche concern—it's a foundational requirement. The broad adoption of blockchain in finance is driving demand for secure, confidential computing technologies,' said Hindi. 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 Paillier and Dr. Rand Hindi, and has the largest research team in homomorphic encryption. Zama
Economic Times
16-06-2025
- Business
- Economic Times
Cryptocurrency Live News & Updates : Optalysys Launches Innovative Blockchain Server
17 Jun 2025 | 01:55:10 AM IST Optalysys has unveiled a groundbreaking server for blockchains that processes data securely without decryption, using 40% less energy than traditional GPU systems. In recent developments, Optalysys has introduced the LightLocker node, touted as the world's first server designed for blockchain applications that utilizes Fully Homomorphic Encryption (FHE). This innovation promises to enhance secure computing while significantly reducing energy consumption. Meanwhile, H100 Group is making strides in the cryptocurrency space, aiming to raise up to $79 million to bolster its bitcoin investment strategy, with Blockstream CEO Adam Back already contributing $15 million. In a notable shift, JPMorgan Chase has filed a trademark for its crypto platform, JPMD, indicating a deeper commitment to digital assets, despite CEO Jamie Dimon's previous skepticism. Additionally, Binance is actively engaging its community with the launch of its 24th Exclusive Token Generation Event featuring Bombie (BOMB) and a new two-phase claiming system for its Alpha Airdrops, set to begin on June 19, 2025. These developments reflect a growing trend of traditional finance embracing cryptocurrency, while innovative startups continue to push the boundaries of blockchain technology. Show more
Yahoo
14-06-2025
- Business
- Yahoo
Is Frontier Energy (ASX:FHE) In A Good Position To Deliver On Growth Plans?
Even when a business is losing money, it's possible for shareholders to make money if they buy a good business at the right price. For example, although made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So, the natural question for Frontier Energy (ASX:FHE) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at December 2024, Frontier Energy had cash of AU$14m and such minimal debt that we can ignore it for the purposes of this analysis. Importantly, its cash burn was AU$13m over the trailing twelve months. That means it had a cash runway of around 13 months as of December 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. Depicted below, you can see how its cash holdings have changed over time. View our latest analysis for Frontier Energy Frontier Energy didn't record any revenue over the last year, indicating that it's an early stage company still developing its business. So while we can't look to sales to understand growth, we can look at how the cash burn is changing to understand how expenditure is trending over time. Over the last year its cash burn actually increased by 36%, which suggests that management are increasing investment in future growth, but not too quickly. However, the company's true cash runway will therefore be shorter than suggested above, if spending continues to increase. Admittedly, we're a bit cautious of Frontier Energy due to its lack of significant operating revenues. We prefer most of the stocks on this list of stocks that analysts expect to grow. Given its cash burn trajectory, Frontier Energy shareholders may wish to consider how easily it could raise more cash, despite its solid cash runway. Generally speaking, a listed business can raise new cash through issuing shares or taking on debt. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate). Since it has a market capitalisation of AU$103m, Frontier Energy's AU$13m in cash burn equates to about 13% of its market value. As a result, we'd venture that the company could raise more cash for growth without much trouble, albeit at the cost of some dilution. Even though its increasing cash burn makes us a little nervous, we are compelled to mention that we thought Frontier Energy's cash burn relative to its market cap was relatively promising. We don't think its cash burn is particularly problematic, but after considering the range of factors in this article, we do think shareholders should be monitoring how it changes over time. Separately, we looked at different risks affecting the company and spotted 6 warning signs for Frontier Energy (of which 3 are concerning!) you should know about. Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies, and this list of stocks growth stocks (according to analyst forecasts) Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
