Fundz

Nillion Raises Over $20 Million To Build New Web3 Infrastructure

PRIVATEDec 12, 2022

Amount Raised

$20 Million

Round Type

Funding Round

IrelandBlockchainCryptocurrency

Investors

SALT FundBig Brain Holdings

Description

Nillion, a web3 startup aiming to build a non-blockchain decentralized network, closed an oversubscribed round of more than $20 million, the company exclusively told TechCrunch.

Quick answer

Nillion raised $20 Million in a Funding Round round, dated December 12, 2022. Investors: SALT Fund and Big Brain Holdings. Nillion is based in Ireland.

How much did Nillion raise?
Nillion raised $20 Million in a Funding Round round on December 12, 2022.
Who invested in Nillion?
SALT Fund and Big Brain Holdings are named as investors in this round.
What does Nillion do?
Nillion is a public network based on the invention of a novel cryptographic primitive, Nil Message Compute (NMC), which represents a generational leap in decentralized technology and Secure Multi Party Computation..
Where is Nillion based and how big is it?
Nillion is based in Ireland.

Source: Fundz verified event record.

Who else raised in Blockchain and Cryptocurrency around the same time

Companies in the same sectors as Nillion that raised within 45 days of this round, from Fundz verified event records.

  • Architect raised $5M (Funding Round) on January 20, 2023.
  • SphereOne raised $2.5M (Seed) on January 19, 2023.
  • Open Forest Protocol raised $4.1M (Pre-Seed) on January 11, 2023.
  • Jumbo raised $3.5M (Seed) on January 10, 2023.
  • Architect raised $5M on January 6, 2023.
  • MSafe raised $5M (Seed) on January 5, 2023.

Who to call at Nillion, and when

A new round usually means Nillion is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Nillion raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Nillion, from your own LinkedIn network

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Company Information

Company

Nillion

Location

Ireland

About

Nillion is a public network based on the invention of a novel cryptographic primitive, Nil Message Compute (NMC), which represents a generational leap in decentralized technology and Secure Multi Party Computation (SMPC). Its unique node operation has significant implications for data, security, privacy, and interoperability. In summary, Nillion: 1. Introduces a decentralized way to store and process private information 2. Renders traditional encryption obsolete 3. Enables the creation of a Meta Layer that supercharges and connects existing blockchains (e.g. decentralized secure enclaves, interoperability and more) 4. Enables significant new real world, decentralized applications 5. Is Post Quantum as it uses 'encryptionless' technology called Information Theoretic Security.

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Fundz sees it the moment Nillion raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Nillion raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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