Zama’s Revolutionary Homomorphic Encryption Technology Secures $73M Investment, Valued at Almost $400M

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It has solutions to address blockchain transactions and solutions for data exchange around artificial intelligence training and usage. It has also built and posted four libraries to carry out that work on GitHub and claims that 3,000 developers are using these. Zama’s technology is the key to build multiplayer, privacy-preserving applications,” said Kyle Samani, managing partner of Multicoin Capital, in a statement. That still doesn’t represent useful speeds for most of the world’s transactions, but given that blockchain transactions themselves are typically slow-moving, that presented an opportunity to offer Zama’s solutions to crypto developers. In the meantime, companies like Zama are continuing to work on algorithms and techniques to compress the work involved to carry out homomorphic encryption on existing infrastructure.