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Zama Becomes First FHE Unicorn with $57M Funding

6/26/2025

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Summary

Story summary

Zama, a pioneering French open-source cryptography firm, has secured $57 million in Series B funding, soaring past a $1 billion valuation to become the first unicorn in Fully Homomorphic Encryption (FHE). This investment will fuel the launch of its Confidential Blockchain Protocol and public testnet, empowering developers to craft secure applications across diverse blockchains.

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Story summary

Zama, a pioneering French open-source cryptography firm, has secured $57 million in Series B funding, soaring past a $1 billion valuation to become the first unicorn in Fully Homomorphic Encryption (FHE). This investment will fuel the launch of its Confidential Blockchain Protocol and public testnet, empowering developers to craft secure applications across diverse blockchains.