Zama has announced the completion of a $57M Series B funding round, becoming the first unicorn in the homomorphic encryption (FHE) space. The funds will direct towards developing encryption technologies for public blockchains.
Introduction to Zama's Funding
Zama, a company developing state-of-the-art Fully Homomorphic Encryption solutions, has announced a $57 million Series B funding round co-led by Blockchange Ventures and Pantera Capital. This brings Zama's total funding to over $150 million, with a valuation exceeding $1 billion.
Technology Updates and Testnet Launch
As part of its funding, Zama announced the launch of the Zama Protocol and a public testnet in July 2025. Developers will be able to build confidential applications using FHEVM, compatible with other EVM chains and Solana.
Prospects and Applications of FHE
Zama's project opens up new opportunities for implementing confidential financial applications on public blockchains. This includes using encryption for tokens, managing identities, and developing decentralized applications, significantly enhancing security in fintech and other sectors. According to Zama's CEO, Dr. Rand Hindi, confidentiality is becoming a foundational requirement in the crypto industry.
With the $57 million funding, Zama is poised to play a significant role in the FHE technology market, expected to lead to substantial growth in the field of confidential computing and broaden the application spectrum on blockchains.
