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.
Hyperexponential, a London-based insurance technology (insurtech) startup that serves the property-casualty (P&C) insurance industry with “decision intelligence” for pricing, has raised $73 million in a Series B equity round of funding.
Boston-based venture capital (VC) firm Battery Ventures led the round, with participation from existing investor Highland Europe and Andreessen Horowitz (A16z).
Moreover, that Hyperexponential is bringing in high-profile U.S. VC firms points to an international roadmap, with the company confirming plans to expand beyond its current operations in the U.K. and Poland to the lucrative U.S. market.
“We’ve focused on building a capital-efficient, independent business that was both high-growth and sustainable from the outset,” said Hyperexponential co-founder and CEO Amrit Santhirasenan, in a statement.
The company also said that it plans expand into adjacent markets, including SME insurance.
Today, companies applying autonomous vehicle technology to agriculture, commercial and logistics applications are still attracting venture capital. This is likely due to the numerous benefits that the technology can provide.…
